FHA Rental Income Calculations: How do you calculate what rental income to use on 2-unit and/or other owned property?
Answer: FHA 3.51. Calculating Rental Income from the Subject Property. The mortgagee must add the net subject property rental income to the mortgagor’s gross income. Limited or No History of Rental Income To calculate the effective income from the subject property where the mortgagor does not have a history of rental income from the subject property […]