source:
  type: guide
  id: fnma-sel-b3-4.3-18
  authority: Fannie Mae Selling Guide B3-4.3-18 — Sale of Personal Assets
  description: Fannie Mae Selling Guide B3-4.3-18 — Sale of Personal Assets.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-4.3-18-full
  canonical_id: fnma-sel-b3-4.3-18-full
  section: Fannie Mae Selling Guide B3-4.3-18 — Sale of Personal Assets
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-4.3-18 — Sale of Personal Assets
    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: 'B3-4.3-18, Sale of Personal Assets (12/16/2020) Introduction
      This topic contains information on the sale of personal assets, including: Sale
      of Personal Assets Documentation Requirements Sale of Personal Assets Proceeds
      from the sale of personal assets are an acceptable source of funds for the down
      payment, closing Published May 6, 2026 444 costs, and reserves provided the
      individual purchasing the asset is not a party to the property sale transaction
      or the mortgage ﬁnancing transaction. Documentation Requirements The lender
      must document the following: The borrower’s ownership of the asset for all asset
      types that are titled assets, for example automobile title. The value of the
      asset, as determined by an independent and reputable source, if the proceeds
      represent more than 50% of the total monthly income used in qualifying. The
      lender must use the lesser of the estimated value (as determined by the independent
      source) or actual sales price when determining the amount of funds for the transaction.
      For example, a borrower plans to sell their vehicle. The value as determined
      by an independent source is $10,000; the sales price of the vehicle is $12,000.
      $10,000 can be added to the borrower’s available funds even if the sale has
      already occured. The transfer of ownership of the asset, as documented by either
      a bill of sale or a statement from the purchaser. The borrower’s receipt of
      the sale proceeds from documents such as deposit slips, bank statements, copies
      of the purchaser’s canceled check or an equivalent payment source. Recent Related
      Announcements The table below provides references to recently issued Announcements
      that are related to this topic. Announcements Issue Date Announcement SEL-2020-07
      December 16, 2020'
  judgment: false
