Fnma Income Calculator
Calculate qualifying income for Fannie Mae (FNMA) loans. Supports salary, hourly, self-employment, and other income types with standard underwriting guidelines.
Published by:
isCalculator Editorial Team
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How to use this tool?
This calculator determines your annual qualifying income for FNMA (Fannie Mae) guidelines. Follow these steps:
- Select Income Type – Choose from Salary (Annual), Hourly, Self-Employed (Net Income), or Other (Annual).
- Enter Gross Amount – Input the gross income amount (e.g., $60,000 for salary, $25 for hourly rate). Use positive numbers only.
- If Hourly: Enter Hours per Week (1–168, e.g., 40) and Weeks per Year (1–52, e.g., 52). These fields are ignored for other types.
- Add Notes (Optional) – Include details like bonus or overtime.
- Click "Calculate Qualifying Income" – The result shows your annual qualifying income and a breakdown.
Note: All amounts are in USD. For hourly, the calculator multiplies rate × hours × weeks to get annual income. Self-employed uses net income directly.
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Frequently Asked Questions
It calculates the qualifying annual income based on Fannie Mae guidelines for different income types: salary, hourly, self-employed, or other.
Hourly income is calculated as hourly rate multiplied by hours per week multiplied by weeks per year.
This calculator handles one income type at a time. For multiple sources, calculate each separately and sum the results.
