Direct answer

The lender must confirm that the borrower and completed property still meet the applicable requirements. Employment, income, assets, debts, credit, insurance, appraisal, title, and completion documents may be updated or reverified.

Treat the approval as an actively managed process. Keep documents current and discuss financial or employment changes before making them.

What does this mean for a Northeast Florida buyer?

In Northeast Florida, the answer should be tested against the builder's actual contract, community, expected completion range, taxes, insurance, HOA or CDD obligations, and the buyer's current approval. Jacksonville, St. Johns, Clay, Nassau, and Flagler County transactions do not share one universal cost or timeline.

Primary sources

Where can you verify the framework?

  1. What to expect at closingFannie Mae · Accessed August 13, 2026
  2. Debt-to-Income RatiosFannie Mae Selling Guide · Accessed August 13, 2026