Fnma Rental Income Worksheet

Use of these worksheets is optional. Equals adjusted monthly rental income a10 existing pitia for non subject property.

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Fnma rental income worksheet. Insurance line 9 4 5. Form 92 is to be used to document the sellers calculation of net rental income from schedule e. Rental income worksheet individual rental income from investment propertys.

The sellers calculations must be based on. Rental income calculation worksheets. Rental incomeschedule e calculation worksheet property address.

For multi unit properties combine gross rent from all rental units. Keep your career on the right track. Use this worksheet to calculate qualifying rental income for fannie mae form 1037 principal residence 2 to 4 unit property fannie mae rental guide calculator 1038 worksheet for calculating qualifying rental income for fannie mae form 1038 individual rental income from investment property.

Rental income worksheet. Net rental income loss line 22 1 2. Taxes line 16 6.

Monthly qualifying rental income or loss documentation required. A lender may use fannie mae rental income worksheets form 1037 or form 1038 or a comparable form to calculate individual rental income loss reported on schedule e. Depreciation line 20 2 3.

Fannie mae form 1038 09302014. Rental income worksheet principal residence 2 to 4unit property. B2 multiply x75 equals adjusted monthly rental income.

Use our pdf worksheets to total numbers by hand or let our excel calculators do the work for you. Mortgage interest line 12 5 6. Schedule e irs form 1040 or lease agreement or fannie mae form 1007 or form 1025.

Principal residence 2 to 4 unit property. Amortizationcasualty lossone time expenses line 18 3 4. Monthly qualifying rental income.

Monthly qualifying rental income or loss. Net rental income calculations schedule e. Our income analysis tools are designed to help you evaluate qualifying income quickly and easily.

Fannie mae rental income worksheet search trends. Depletion line 18 subtotal schedule e 6 schedule f proﬁt or loss from farming a. Total expenses line 20 c.

Address of principal residence. Royalties received line 4 b. Schedule e irs form 1040 or lease agreement or fannie mae form 1007 or form 1025 enter investment property address investment property address.

Schedule e rental income 1. This form is a tool to help the seller calculate the net rental income from schedule e. Fannie mae publishes four worksheets that lenders may use to calculate rental income.

B1 enter the gross monthly rent from the lease agreement or market rent reported on form 1007 or form 1025.

Income Rental Guidelines Fnma