Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand

fnma-sel-b3-4-3-20

Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand.

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  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.
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      authority: Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand
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      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.'

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand

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.

Source: Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand · source URL · snapshot 5f7b8b79da595d76

Operationalizing Fannie Mae Selling Guide B3-4.3-20 — Anticipated Savings and Cash-on-Hand

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/fnma-sel-b3-4-3-20/ · register fnma-sel-b3-4-3-20 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.