HAMP Income Calculation Worksheet
HAMP Income Calculation Worksheet
Prepared By:
I. Borrower and Property Information
Loan Number:___________________________________________________
Borrower Name:__________________________________________________
Income Type: Calculation Method:
Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual
Co-Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual
Non-Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual
II. Monthly Income
| |Borrower: |Co-Borrower #1 |Co-Borrower #2 |TOTAL |
|Base Income: |$ |$ |$ |$ |
|Other Income: |$ |$ |$ |$ |
|TOTAL Income: |$ |$ |$ |$ |
III. Detailed Summary of Monthly Income Calculation
| |Borrower |Co-Borrower #1 |Co-Borrower #2 |Verified |Document Used to |Date of Document |
| | | | |(Y/N)? |Verify | |
|Employment: |$ |$ |$ | | | |
|Self-Employment: |$ |$ |$ | | | |
|Social Security: |$ |$ |$ | | | |
|Child Support: |$ |$ |$ | | | |
|Alimony: |$ |$ |$ | | | |
|Pension: |$ |$ |$ | | | |
|Disability: |$ |$ |$ | | | |
|Survivor Benefits: |$ |$ |$ | | | |
|Rental Income: |$ |$ |$ | | | |
|Unemployment: |$ |$ |$ | | | |
|Public Assistance: |$ |$ |$ | | | |
Misc/Other Income (Detail below):
|Source Description |Borrower |Co-Borrower #1 |Co-Borrower #2 |Verified |Document Used to |Date of Document |
| | | | |(Y/N)? |Verify | |
| |$ |$ |$ | | | |
| |$ |$ |$ | | | |
| |$ |$ |$ | | | |
| |$ |$ |$ | | | |
| |$ |$ |$ | | | |
IV. Servicer Explanation of Income Calculation (Please show calculations, assumptions and methodology)
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