Prequal - Level 1

PREQUAL - LEVEL 1

Step 1 — Occupancy & Program

Occupancy

Loan Program

Down payment rules auto-adjusted by program & occupancy.

Step 2 — Credit, Income & Debts

Estimated FICO

Minimum FICO: FHA 580 • Conventional/Bank Statement 620 • DSCR 620

Monthly Gross Income ($)

Monthly Minimum Debts ($)

Car, credit cards mins, loans, student loans, etc.

Amortization (Years)

Step 3 — Property & Escrow Estimates

Down Payment (%)

Min DP depends on program & occupancy.

Property Taxes (Annual $)

HOI (Annual $)

HOA (Monthly $)

Step 4 — Results

Estimated Rate—

Min Down Payment—

PITI(+MI/PMI+HOA)—

Front-End DTI—

Est. MI/PMI Monthly—

Recommendation—

Back-End DTI—

DSCR—

Disclaimer: Estimates only. Formulas used: Front DTI = (PITI + HOA) / Income • Back DTI = (PITI + HOA + Monthly Debts) / Income

Prequal - Level 2

PREQUAL - LEVEL 2

Step 1 — Occupancy & Program

Occupancy

Loan Program

Down payment rules auto-adjusted by program & occupancy.

Step 2 — Credit, Income & Debts

Estimated FICO *

Monthly Gross Income ($) *

Monthly Minimum Debts ($) *

Car, credit cards mins, loans, student loans, etc.

Amortization (Years)

Step 3 — Property Details

Purchase Price ($) *

Down Payment (%)

Property Taxes (Annual $) *

HOI (Annual $) *

HOA (Monthly $)

Step 4 — Qualification Results

Estimated Rate—

Loan Amount—

PITI Monthly—

Front-End DTI—

Est. MI/PMI Monthly—

Back-End DTI—

DSCR—

Qualification—

Disclaimer: This tool provides estimates only. Actual qualification depends on full underwriting. MI/PMI rates are approximate. Rates and guidelines subject to change.

PRIMUS • Qualifying Income

PRIMUS • QUALIFYING INCOME

Mortgage Qualifying Income Calculator

Inputs

W-2 Type

Base Salary (Gross)

/mo

Variable Income

Variable income requires Year -2, Year -1, and Current YTD. If any is missing, we’ll use Base W-2 only.

Category

Year -2

Year -1

Current YTD

Bonus

Variable

Year -2

Year -1

Current YTD

Commissions

Variable

Year -2

Year -1

Current YTD

Overtime

Variable

Year -2

Year -1

Current YTD

Other

Variable

Year -2

Year -1

Current YTD

Schedule C Workpaper

Name

Year -1

Year -2

Item

2024

2023

Net Profit (Loss)

Schedule C

LINE 31

Year -1

Year -2

Deduct nonrecurring income / add nonrecurring loss or expense

Use + / -

LINE 6

Year -1

Year -2

Depletion

Add-back if applicable

LINE 12

Year -1

Year -2

Depreciation

Add-back

LINE 13

Year -1

Year -2

Non-Deductible Meals & Entertainment Exclusion

Entered positive → subtracted automatically

LINE 24b

Year -1

Year -2

Business Use of Home

Add-back

LINE 30

Year -1

Year -2

Business Miles

Miles × Depreciation Rate (year-based)

IRS STANDARD

Year -1 (Miles)

Year -2 (Miles)

Total Mileage Depreciation

Business Miles × Dep Rate

AUTO

Year -1

$0.00

Year -2

$0.00

Amortization / Casualty Loss (only if noted)

Page 2, Part V

ADD-BACK

Year -1

Year -2

SUBTOTAL (Adjusted Income)

Net Profit + Add-Backs − Meals (24b)

Year -1

$0.00

Year -2

$0.00

Total Qualifying Income (Monthly): $0.00

Results

Qualifying Income (Monthly)

$0.00

Qualifying Income (Annual)

$0.00

Breakdown (Annual)

Bank Statement Prequal Calculator

Guided, lender-style estimate using monthly deposits + business expense factor.

Step 1 of 4 • Choose analysis period

Analysis Period

Select the period used to average income

Most lenders use 12 months. 24 months may be requested when income is inconsistent.

Business Type (Expense Factor)

Choose a business category

CPA Letter (Lender Validation): If you want a reduced expense factor (e.g., 10%–15%) to be accepted officially, the lender may require a signed letter from a licensed CPA validating the business expense profile and income.

Results

This is an educational estimate. Final qualifying income is subject to lender guidelines, documentation, and underwriter review.

Additional Note: Any single deposit that represents more than 50% of the calculated monthly qualifying income may need to be documented and justified (source of funds / business documentation), according to lender guidelines.

PRIMUS • Qualifying Income

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Important Notice

Results shown are preliminary estimates and do not represent a loan approval, commitment to lend, or underwriting decision. Accurate qualification requires a full review by your Mortgage Loan Officer (MLO) using complete supporting documentation (e.g., pay stubs, W-2s, 2-year tax returns, and current YTD).

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Mortgage Qualifying Income Calculator

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+1 321 365 5833

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13538 Village Park Drive, Suite 105

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