How to use the Scenario Desk
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The scenario desk helps you find which investors have eligible programs for unique and hard to accommodate loan scenarios. To search the database, enter a keyword and click on the "Search" button, or click on a category for a list of topics. The results will help you learn how each investor handles your scenario.
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Click on the topic below to learn how your investor will handle unique loan scenarios. Or search by Keyword.
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Select a category
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Available topics for: Credit
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| CitiMortgage | Credit | Social Security | Social Security benefits or award statements are normally issued each year by the Social Security
Administration to reflect cost of living adjustments. This income can be either taxable or non-taxable. If Social
Security income has a defined expiration date, (e.g., borrower receiving benefits due to a disability or on the
behalf of a dependent) documentation to insure receipt will continue for at least three years must be provided.
The evidence should make sense.
Example: If a dependent is 17 it is highly unlikely that income will continue since this type of benefit usually
expires when the dependent turns 18. If income can be verified to be non-taxable, it can be grossed up 25%
for qualifying. |
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Click on an investor name to access their profile, view news, and search for guidelines.
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