Income Worksheet

The income worksheet is a form filled out by the lender to calculate the borrower’s monthly qualifying income based on the documentation (pay stubs, W-2s, etc.) provided. It is added to the file before submittal.

Context: Identifying the document.

1. Document title

Key takeaways: Important information.

1. Borrower name and employer

2. Income and W-2 column

3. Date column

4. YTD calculations

5. Qualifying income selection

6. Comments