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Fannie Mae Liquidity Test Worksheet Form

Fannie Mae Liquidity Test Worksheet Form

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Instructions and help about fannie mae form 1084 calculator

[Music] hello everybody thank you so much for tuning in to another week this week we'll be discussing the liquidity test or some like to use the acid test for self-employed borrowers that are 1065 or 1120s we're going to be discussing strictly fannie mae this week i'm assuming a lot of people on here that are watching this video do not have a clue or not fully understand what a liquidity test is i have seen a lot of my mortgage professionals that i deal with not fully understand what the liquidity test is when i bring it up in short the liquidity test is showing the businesses currently positive on liquidity to their debts the lender must use caution when including income that the borrower draws from the borrower's partnership or s corp as qualifying income ordinary income net real estate income and other net rental income reported on k1 may be included in the borrower's cash flow provided the lender can confirm that the business has adequate liquidity to support there are two types of

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