Mortgage Navigator • Conventional • Rental Income
Short-term rental income
Airbnb or other short-term rental income is not simply converted to a monthly lease amount.
Tax-return history is central
Fannie has a specific short-term-rental path within its current rental-income rules. Schedule E fair-rental days, repair/renovation interruptions and the property's actual service history can determine how income is calculated.
Out-of-service periods
If a property was unavailable because of significant renovation or repair, the lender may need documentation showing the reduced fair-rental days and related expenses before using a shorter averaging period.
Fannie vs. Freddie: short-term rental qualification should be reviewed under each agency's current rental-income provisions and not treated as a normal 12-month residential lease.
Official guide baseline
Fannie Mae Selling Guide · Freddie Mac Seller/Servicer Guide
Rental-income rules are transaction-, property-, ownership-history- and management-experience-specific. Current guide controls.