In a typical relocation the spouse that does not have a job was able to use their projected income combined with the relocating spouse income when applying for a mortgage which would help determine housing affordability.

FNMA had announced it will disallow inclusion of 'trailing' income.  What does this mean?  It means that this secondary trailing income will not be allowed which will reduce the affordablility of the couple's next home.  According to RISMedia 70% of all corporate relocations are dual income so the effect on these relocations is significant.  This rule change seems to stem from current economic conditions and the availability of employment.

As a Realtor® with years of helping families relocate I must work even closer with these families to help formulate a plan. 

This will include:

Referring spouses to employment assistance counselors and recruitment offices early in the process. 

Search for alternate lending sources

If you are relocating to the Albuquerque and Rio Rancho area of New Mexico please contact me to find out how we can work together.


Posted by NMWelcomeHome Team Associates (505) 886-1432 on


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