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Rental Income Calculation Worksheets. Fannie Mae publishes four worksheets that lenders may use to calculate rental income. Use of these worksheets is optional. The worksheets are: Rental Income Worksheet – Principal Residence, 2- to 4-unit Property ,
Lease Agreement or Fannie Mae Form 1007 or Form 1025. Calculate monthly qualifying rental income (loss) using Step 2A: Schedule E OR.
5 Schedule E – Supplemental Income and Loss Note: 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. a. Royalties Received (Line 4) + b. Total Expenses (Line 20) – c. Depletion (Line 18) + Subtotal Schedule E =
If both methods are used, DU will use the net rental income from Section V (if it is a value other than zero) and issue a message when there is a conflict of data. If the combined total net rental income for all rental properties is positive, DU adds the net rental income to the qualifying income.
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Rental Income/Schedule E Calculation Worksheet Property Address: _____ Schedule E – Rental Income 1. Net Rental income /loss line 22 1 2. Depreciation Line 20 2 3. Amortization/Casualty Loss/One-Time Expenses Line 18 3 4. Insurance* Line 9 4.
1, Rental Income Worksheet. 2, Individual Rental Income from Investment Property(s): Monthly Qualifying Rental Income (or Loss). 3, Documentation Required.
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1, Rental Income Worksheet. 2, Principal Residence, 2- to 4-unit Property: Monthly Qualifying Rental Income. 3, Documentation Required: Address of Principal.
Generally, rental income from the borrower's principal residence (a one-unit.. Rental Income Worksheet – Principal Residence, 2- to 4-unit.
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