Qualifying Income
Find the worksheet for the source you are underwriting, from pay and benefits to rental income, business cash flow and restricted stock.
Employment, benefits and other income
Convert documented earnings and recurring receipts to a monthly amount.
Variable Income
Weight current and prior earnings by actual months and compare the current pace with documented history.
Open calculatorOther Qualifying Income
Convert documented support, benefits, retirement, interest, dividends, and other recurring receipts to a monthly amount and review the evidence required.
Open calculatorNontaxable Income & Gross-Up
Separate taxable and tax-exempt income and calculate the gross-up allowed by the selected agency.
Open calculatorRental and residual income
Review property income, permitted offsets, and the FHA residual-income screen.
Rental Income
Work from permitted lease income or adjusted Schedule E figures and see the net property contribution.
Open calculatorFHA Residual Income
Calculate residual income for FHA manual underwriting and compare it with the VA table FHA uses for this compensating factor.
Open calculatorTax returns and business income
Analyze return sections, business earnings and access to cash.
Tax Return Income Analysis
Walk through Form 1040, Schedules B, C, D, E and F, and entity returns. Compare adjusted cash flow across tax years before selecting an income basis.
Open calculatorSelf-Employment Income
Build a multi-period cash flow worksheet using reviewed adjustments and ownership percentages.
Open calculatorBusiness Liquidity Ratios
Compare current and quick ratios before and after a proposed business withdrawal. See how Fannie Mae uses the ratios in a cash-flow review.
Open calculatorRestricted stock income
Calculate Fannie Mae and Freddie Mac RSU income or compare them side by side.
Fannie Mae RSU Income
Translate documented vested distributions into a monthly worksheet using the Fannie Mae calculation period.
Open calculatorFreddie Mac RSU Income
Model time-based or performance-based restricted stock income using the applicable distribution period.
Open calculatorRSU Agency Comparison
Compare Fannie Mae and Freddie Mac using the distribution period and documented values applicable to each.
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