Freddie Mac rewrites how assets convert into qualifying income

Freddie Mac Bulletin 2026-10 overhauls the section of the Guide covering accumulated assets used as a basis for repayment, the underwriting approach usually called asset depletion or an asset qualifier.

The headline is the divisor. Eligible assets are converted into a monthly qualifying figure by spreading them across a set number of months, and that number has been shortened. The same balance therefore supports a larger monthly figure than it did before.

The trade is documentation. Accounts now need a longer seasoning history before the Note Date, and there is a variance test: an account whose balance fell materially over that window is ineligible unless the movement is documented as a transfer into another eligible account.

The file also has to run through automated underwriting and receive an Accept. There is no manual underwriting path for this.

Transactions are limited to a purchase or a refinance without cash out.