The actual contract rent amount if the property dwelling unit is rented. If there is no active lease, this is the monthly market value amount.
Valid Values:
Value may not exceed 9 numeric characters.
Valid format is “#########”; for example, enter $1,200.00 as “1200” (do not enter commas or decimals). Round the values to the nearest dollar.
When to Use:
Required if a full or hybrid appraisal was used to value the subject property and either the property is an investment property or has more than one dwelling unit.
How to Use:
If the subject property was valued by a Full Appraisal or Hybrid Appraisal:
For two-to four-unit properties, enter the gross monthly rental income for each non-owner occupied dwelling unit as indicated on the signed lease(s) for the Mortgaged Premises.
If there is no active lease for a unit, or the borrower rents the unit to a family member, enter the gross monthly rental income as estimated on the applicable appraisal report or addendum.
Refer to the ULDD Data Delivery Tips for details on how to complete the data delivery points of Bedroom Count, Sort ID 77, and Property Dwelling Unit Eligible Rent Amount, Sort ID 78 and Guide Section 6302.8.
