Fannie Mae Rental Income Worksheet Excel

Calculate monthly qualifying rental income (loss) using Step 2A: Schedule E OR Step 2B: Lease Agreement or Fannie Mae Form 1007 or Form 1025. A1 Enter total rents received. A2 Subtract A3 Add A4 A5 A6 This expense must be specifically identified on Schedule E in order to add it back. A7 A8 Equals adjusted rental income. Total A9 Divide Equals adjusted monthly rental income A10

Rental Income Worksheet Individual Rental Income from Investment Property(s): Monthly Qualifying Rental Income (or Loss) Documentation Required: Schedule E (IRS Form 1040) OR Lease Agreement or Fannie Mae Form 1007 or Form 1025 Enter Investment property address investment Property Address Step 1.

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A lender may use Fannie Mae Rental Income Worksheets (Form 1037. or Form 1038) to calculate Fannie Mae publishes four worksheets. THE HAMP & GSE waterfall worksheet. borrowers with loans held by Fannie Mae, Freddie Mac or serviced by a HAMP participating servicer may be eligible for HAMP. Additionally, borrowers with loans held by.

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Business Income, Depreciation, and Self Employment Monthly qualifying rental income (loss): step 2. calculate monthly qualifying rental income (loss) using Step 2A: Schedule E OR Step 2B: Lease Agreement or Fannie Mae Form 1007 or Form 1025. Step 1. When using Schedule E, determine the number of months the property was in service by dividing the Fair Rental Days by 30. Step 2A. Schedule E – Part I

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