source:
  type: guide
  id: fnma-sel-b3-3.3-08
  authority: Fannie Mae Selling Guide B3-3.3-08 — Seasonal Income
  description: Fannie Mae Selling Guide B3-3.3-08 — Seasonal Income.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-3.3-08-full
  canonical_id: fnma-sel-b3-3.3-08-full
  section: Fannie Mae Selling Guide B3-3.3-08 — Seasonal Income
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-3.3-08 — Seasonal Income
    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: 'B3-3.3-08, Seasonal Income (03/04/2026) The following table
      provides requirements for seasonal income. Published May 6, 2026 329 Criteria
      Requirements Documentation The lender must obtain • a completed Request for
      Veriﬁcation of Employment ( Form 1005); or • the most recent paystub and two
      years'' W-2s. Additionally, a verbal VOE is required. See B3-3.1-04, Verbal
      Veriﬁcation of Employment, for speciﬁc requirements. Note: For seasonal unemployment
      compensation, the lender must verify that it is clearly associated with seasonal
      layoﬀs, expected to recur, and reported on the borrower''s personal income tax
      returns. See B3-3.4-17, Unemployment Beneﬁts Income, for more information on
      unemployment beneﬁts. Income History A minimum two-year history is required.
      Income Continuance The lender is not required to verify continuance unless they
      have reason to believe the income may not continue. Determination of Qualifying
      Income The lender must calculate an average income amount using year-to-date
      income, when present, and previous two years'' earnings. Recent Related Announcements
      The table below provides references to recently issued Announcements related
      to this topic. Announcements Issue Date Announcement SEL-2026-02 March 04, 2026'
  judgment: false
