Per Diem Income Home Loan Tool

Quick Summary

Determine your home loan eligibility when paid on a daily (per diem) basis. This tool converts fluctuating daily shift rates and variable monthly schedules into a stable annualized income figure that underwriters will accept.

Calculator

Your Inputs

Average Daily Rate ($)

Average Days Worked Per Month

Months Taken Off Per Year

Estimated Interest Rate (%)

Your Estimates

Monthly Qualifying Income

$5,250

Max Estimated Loan Amount

$364,247

Assumes a 45% DTI ratio

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Frequently Asked Questions

How is variable per diem income calculated for a mortgage?

Lenders will typically average your per diem income over the last 24 months to account for fluctuations in shifts and time taken off between assignments.

Are gaps in per diem work acceptable?

Yes, provided the gaps are standard for your industry and your averaged two-year income meets the debt-to-income (DTI) requirements.