Schedule C Partnership 1065 S Corp 1120S Corporation 1120

Self-Employed Schedule C Borrower

For borrowers that claim self-employment income on Schedule C.

Is the borrower qualifying with one or two years of returns?

Returns from 2 Years Ago ()

Net Profit (31):

Non-Recurring Income (6):

Depletion/Depreciation (12&13):

Meals/Entertainment (24b):

Business Use of Home (30):

Vehicle Miles (Actual Miles):

Monthly Income: $0.00

Returns from Most Recent Year ()

Net Profit (31):

Non-Recurring Income (6):

Depletion/Depreciation (12&13):

Meals/Entertainment (24b):

Business Use of Home (30):

Vehicle Miles (Actual Miles):

Monthly Income: $0.00

Income is declining.

24 Months Average: $0.00

Self-Employed Partnership 1065 Borrower

For borrowers that claim self-employment income on Form 1065.

Is the borrower qualifying with one or two years of returns?

Is the borrower able to prove liquidity?

Returns from 2 Years Ago ()

W2 Income (Box 5):

Percentage of Ownership (K1 J):

K-1 Income (1-3):

Distributions (K1 Box 19):

Guaranteed Payments* (K1 Box 4):

Other Ordinary Income (Line 4):

Nonrecurring Other Income (Line 7):

Depreciation (Line 16c):

Depletion (Line17):

Mortgages, Notes, Bonds < 1 Year (L Line 16):

Travel and Entertainment (M1 Line 4b):

Amortization:

Monthly Income: $0.00

Returns from Most Recent Year ()

W2 Income (Box 5):

Percentage of Ownership (K1 J):

K-1 Income (1-3):

Distributions (K1 Box 19):

Guaranteed Payments* (K1 Box 4):

Other Ordinary Income (Line 4):

Nonrecurring Other Income (Line 7):

Depreciation (Line 16c):

Depletion (Line17):

Mortgages, Notes, Bonds < 1 Year (L Line 16):

Travel and Entertainment (M1 Line 4b):

Amortization:

Monthly Income: $0.00

Income is declining.

24 Months Average: $0.00

*DU loans require a 2 year history to add in guaranteed payments from the partnership. LP loans allow for guaranteed payments to be utilized without a two-year history.

Self-Employed S Corp 1120S Borrower

For borrowers that claim self-employment income on Form 1120S.

Is the borrower qualifying with one or two years of returns?

Is the borrower able to prove liquidity?

Returns from 2 Years Ago ()

W2 Income (Box 5):

Percentage of Ownership (K1 G):

K-1 Income (1-3):

Distributions (K1 Box 16d):

Nonrecurring Other Income (Line 5):

Depreciation (Line 14):

Depletion (Line 15):

Mortgages, Notes, Bonds < 1 Year (L Line 17):

Travel and Entertainment (M1 Line 3b):

Amortization:

Monthly Income: $0.00

Returns from Most Recent Year ()

W2 Income (Box 5):

Percentage of Ownership (K1 G):

K-1 Income (1-3):

Distributions (K1 Box 16d):

Nonrecurring Other Income (Line 5):

Depreciation (Line 14):

Depletion (Line 15):

Mortgages, Notes, Bonds < 1 Year (L Line 17):

Travel and Entertainment (M1 Line 3b):

Amortization:

Monthly Income: $0.00

Income is declining.

24 Months Average: $0.00

Self-Employed Partnership 1065 Borrower

For borrowers that claim self-employment income on Form 1065.

Is the borrower qualifying with one or two years of returns?

Returns from 2 Years Ago ()

W2 Income (Box 5):

Percentage of Ownership:

Nonrecurring Gains (Lines 8 & 9):

Nonrecurring Other Income (Line 10):

Depreciation (Line 20):

Depletion (Line 21):

Net Operating Loss (Line 29a):

Taxable Income (Line 30):

Total Tax (Line 31):

Mortgages, Notes, Bonds < 1 Year (L Line 17):

Travel and Entertainment (M1 Line 5c):

Amortization:

Monthly Income: $0.00

Returns from Most Recent Year ()

W2 Income (Box 5):

Percentage of Ownership:

Nonrecurring Gains (Lines 8 & 9):

Nonrecurring Other Income (Line 10):

Depreciation (Line 20):

Depletion (Line 21):

Net Operating Loss (Line 29a):

Taxable Income (Line 30):

Total Tax (Line 31):

Mortgages, Notes, Bonds < 1 Year (L Line 17):

Travel and Entertainment (M1 Line 5c):

Amortization:

Monthly Income: $0.00

Income is declining.

24 Months Average: $0.00

For a DU loan, business income can only be given if the borrower owns 100% of the business. For LPA loans, business income can be given if the borrower owns 25% or more of the business.

Income Calculator

Self-Employed Schedule C Borrower

Returns from 2 Years Ago ()

Monthly Income: $0.00

Returns from Most Recent Year ()

Monthly Income: $0.00

24 Months Average: $0.00

Self-Employed Partnership 1065 Borrower

Returns from 2 Years Ago ()

Monthly Income: $0.00

Returns from Most Recent Year ()

Monthly Income: $0.00

24 Months Average: $0.00

Self-Employed S Corp 1120S Borrower

Returns from 2 Years Ago ()

Monthly Income: $0.00

Returns from Most Recent Year ()

Monthly Income: $0.00

24 Months Average: $0.00

Self-Employed Partnership 1065 Borrower

Returns from 2 Years Ago ()

Monthly Income: $0.00

Returns from Most Recent Year ()

Monthly Income: $0.00

24 Months Average: $0.00