01
Contract rent
Executed lease and every rent-changing addendum
Record start/end dates, unit, recurring rent and concessions; an advertised rent is not an executed lease.
Property evidence · field guide
Lease rent or market rent: which number belongs in the file?
Trace the lease, comparable-rent schedule and provider decision separately before entering rental income.
Sources checked November 1, 2026 · Educational document review · No loan offer
Build the evidence before choosing an input
02
Market rent
Appraiser’s comparable-rent schedule
Fannie Mae Form 1007 separates subject and comparable rents, utilities, furniture, adjustments and an effective date. It illustrates evidence structure, not a universal DSCR rule.
03
Accepted rent
Provider’s written underwriting response
Record the amount, evidence used and remaining conditions. A broker’s preliminary estimate is not final acceptance.
Fictional document reconciliation
An authored teaching record; amounts and situations are fictional, not market statistics or actual borrower files.
- $2,400/month appears on the signed lease.
- $2,500/month appears on a dated market-rent schedule.
- The difference is $100/month; it is an unresolved evidence difference, not extra income.
Keep two source lines. Use a third line for the provider-confirmed input; do not average the documents.
Turn the record into a usable next step
- 1
Confirm the property and unit match on both documents. Check whether furnishings, utilities or parking explain the difference before comparing headline rents.
- 2
Ask the provider which evidence controls when the lease and appraisal differ, whether concessions are adjusted, and whether an updated schedule is needed.
- 3
Attach the response to the input record. If the accepted amount changes, rerun the existing calculator and retain both versions so the reason is visible.
What this evidence does not settle
Fannie Mae’s form and agency guide explain their own documentation. They do not establish eligibility, documentation age or an income percentage for a separate business-purpose DSCR program.
Sources and scope
- Fannie Mae — Single-Family Comparable Rent Schedule (Form 1007)
Appraisal form fields, concession adjustments and dated market-rent reconciliation; an agency form, not a universal DSCR requirement.
Read November 1, 2026. This is the check date, not a new effective date for the source.
- Fannie Mae — General Rental Income Information
Agency documentation and unit-level rent reporting; separate from a DSCR provider’s own program.
Read November 1, 2026. This is the check date, not a new effective date for the source.
The review steps are DSCRDealCheck’s editorial checklist. Agency guides and consumer mortgage explainers define documents and concepts; they do not establish a DSCR provider’s program rules or guarantee that consumer disclosure requirements apply to business-purpose financing. See the transaction-scope distinction in Regulation Z. Confirm the actual file with the provider and the relevant qualified professional.
Continue the property evidence review
Choose the unresolved document in your file. Each guide addresses a different input or obligation.