Prevent Errors with our 2024 Income Calculation Tools and Tips

Checked for accuracy on March 11, 2025; originally published March 2023.

We’ve got income calculation tools and tips to help you prevent calculation errors that can be costly and time consuming to fix.

Our Income Calculation Tools page houses a collection of downloadable calculators and reference guides to help you analyze income to include a self-employed borrower’s average monthly income and expenses. Please note that these tools offer suggested guidance, they don’t replace instructions or applicable guidelines from the GSEs.

Utilize our Income Calculation Tools

Don’t get stuck or frustrated when you’re working with your borrowers’ income and expenses – we have many options to help you navigate this process, but we’re highlighting our most commonly used tools to help get you started.

Income Calculation Worksheet

Using our Income Calculation Worksheet, easily calculate a borrower’s income. It’s as easy to use as it sounds!

Fannie Mae Form 1084 Calculator

Our Fannie Mae Form 1084 Calculator helps you calculate and analyze cash flow when completing the Fannie Mae Form 1084.

Freddie Mac Form 91 Calculator

Our Freddie Mac Form 91 Calculator is a quick reference guide and income analysis when completing Freddie Mac Form 91.

Efficiency is key to help your borrowers get to their close in a timely manner. Make more of an impact and trust that the work you’re doing is correct with these calculators.

Want more than you see here? Go to the Income Calculation Tools page to access our full list of 2024 tools and calculators.

Notable 2023 Tax Tips

Help your borrowers make their dream of homeownership a reality. We have the tools, but it doesn’t stop there!

As you prepare to look at 2024 tax returns to qualify your prospective borrowers, below are few tips:

• There are no line changes on the business tax forms, so all your adjustment lines will be familiar.
• The depreciation factor did increase so your mileage add-back will be higher.
• When you’re looking for somewhere to do the math, use Enact’s calculators and make sure your work goes along with the credit policy for your investor.
• Enact is offering 3 courses on Self-Employed Borrowers and on Rental Income calculations in March. Check those out on our website as well to sharpen your skills.

Want to learn more?

Our dedication to helping borrowers achieve the dream of homeownership doesn’t stop here — we offer training resources to help you work with your customers to your max potential.

And, if you want to learn more about ways to better aid your borrowers or need some extra insight, you can always contact your Enact Sales Rep for more info too. They’ll be happy to help you meet your business needs, answer questions, and point you in the right direction.

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