What is the Fannie Mae document used for self-employed income calculation?

The Fannie Mae form used for self-employed income calculation is indeed the 1084. This form, referred to as the "Fannie Mae Form 1084," is specifically designed to help assess and calculate the income of self-employed individuals. It provides lenders with a standardized method for evaluating the income stability and viability of self-employed applicants.

The form gathers necessary financial documentation, including profit and loss statements and other income verification materials, which are critical for lenders to determine the borrower's ability to repay the mortgage.

Other options, while related to mortgage processes, are intended for different purposes. For instance, Form 1003 is the standard mortgage application form, Form 4506-T is used to request tax return transcripts from the IRS, and Form 1040 is the individual income tax return form. Each of these documents serves a unique role in the mortgage approval process but does not specifically address the intricacies of self-employed income calculation like the Form 1084 does.