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© 2018 Fannie Mae Single Family Selling Guide

General Borrower Eligibility Requirements

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See the following for additional information:

• B2-1.2-04, Prohibited Refinancing Practices,

• B2-2-05, Inter Vivos Revocable Trusts,

• B5-3.2-02, HomeStyle Renovation Mortgages: Loan and Borrower Eligibility, and

• B5-5.1-04, Community Land Trusts.

General Borrower Identity Criteria

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Lenders must confirm each borrower’s identity prior to the extension of credit. Fannie Mae’s requirements for borrower identity verification are intended to align with lenders’ existing federal obligations under laws requiring information and document verification, including the Department of Treasury's Office of Foreign Assets Control (OFAC) regulations and the U.S. Patriot Act. See A3See A3-2-01, Compliance With Laws, for additional information concerning borrower identity verification.

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Fannie Mae requires that each borrower has a valid Social Security number or Individual Taxpayer Identification Number (ITIN) (in addition to meeting existing legal residency and documentation requirements). For additional information, see B2see B2-2-02, Non–U.S. Citizen Borrower Eligibility Requirements.

DU and Loan Delivery may identify data integrity issues pertaining to the borrower’s Social Security number. Lenders must take steps to resolve any issues, including numbers not issued, borrower age/issue date discrepancies, or Social Security numbers associated with deceased individuals. If a lender cannot resolve any Social Security number inconsistencies:

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• signing the security instrument,

• signing the mortgage or deed of trust note,

• taking title to the property in the name of the individual borrower(s).

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Related Announcements

The table below provides references to the Announcements that have been issued that are related to this topic.