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Closed End 2nds
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Closed End 2nds
Closed End 2nds
Table of Contents
Introduction
Program and Requirements
Property Eligibility
Transaction Types
Borrower Eligibility and Requirements
Credit
Assets
Income Documentation
Senior Liens
Assets
Assets
Section 7.0 Assets
7.1 Document Options
For purchase files, documentation of sufficient funds from acceptable sources for down payment, closing costs, prepaid items, debt payoff are required. FNMA guidelines used to verify funds.
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Assets