source:
  type: guide
  id: fnma-sel-b3-4.3-20
  authority: Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand
  description: Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-4.3-20-full
  canonical_id: fnma-sel-b3-4.3-20-full
  section: Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B3-4.3-20, Anticipated Savings and Cash-on-Hand (04/01/2009)
      Introduction This topic contains information on: Anticipated Savings Cash-on-Hand
      Anticipated Savings The lender may preliminarily qualify a borrower on the basis
      that anticipated savings will be suﬃcient to meet the funds needed for closing.
      The lender must verify that savings are actually accumulated by the borrower
      before loan closing. The estimate for a borrower’s anticipated savings must
      be realistically developed. To calculate potential saved funds, the lender should
      reduce the borrower’s expected after-tax income for the expected savings period
      by existing housing expenses, monthly debt expenses based on data from the credit
      report, and expected living expenses, such as food, transportation, etc. Published
      May 6, 2026 446 Cash-on-Hand Cash-on-hand is not an acceptable source of funds
      for the down payment or closing costs. For HomeReady mortgages, cash-on-hand
      may be considered an acceptable source of funds for the down payment and closing
      cost. See Chapter B5–6, HomeReady Mortgage. Recent Related Announcements There
      are no recently issued Announcements related to this topic.'
  judgment: false
