This is a legal form that was released by the Federal National Mortgage Association (Fannie Mae) on September 30, 2014 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Fannie Mae Form 1038?
A: Fannie Mae Form 1038 is a Rental Income Worksheet used to calculate rental income for qualifying purposes.
Q: Who uses Fannie Mae Form 1038?
A: Fannie Mae Form 1038 is used by individuals who own rental properties and are applying for a mortgage or loan.
Q: What is the purpose of Fannie Mae Form 1038?
A: The purpose of Fannie Mae Form 1038 is to determine the rental income from the property being used to qualify for a mortgage or loan.
Q: How does Fannie Mae Form 1038 work?
A: Fannie Mae Form 1038 requires the property owner to list the gross monthly rental income, any applicable adjustments, and the net monthly rental income.
Q: What information is needed for Fannie Mae Form 1038?
A: To complete Fannie Mae Form 1038, you will need information such as the property address, rent details, and any other rental income or expenses.
Form Details:
Download a printable version of Fannie Mae Form 1038 by clicking the link below or browse more documents and templates provided by the Federal National Mortgage Association (Fannie Mae).