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Freddie Mac – Fluctuating vs. Non-Fluctuating Hourly Worker
Question:
My client is using Freddie Mac financing. I have 4 pay stubs for the last month, and one of them shows 39 hours vs. 40 hours, even though the employer guarantees a 40-hour week. I need to use his current income and not average over the last year or two. Will this be considered fluctuating income?
Answer:
Good news here! Freddie Mac recently changed its guidelines to clear up the confusion on this exact situation. If a Borrower takes off a few minutes early, OR the variation is no more than 1 hour per week total, you can still use the non-fluctuating hours that the employer guarantees to the Borrower.
Resource:
Freddie Mac Bulletin 2025-6
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