House Hack DTI Question - Can you count rental income?

[Eddie Gonnella]

Hi all,  I can't seem to find any definitive answers to this question. I'm looking to purchase my first property with the multi-family (2-4) house hacking strategy (live-in, low money down). Based on my income and a 40% debt to income ratio, I can qualify for about $250,000 in a low money down loan. 

In Richmond, VA, the going rate for most multi is at least $350K. Is it possible that a lender would consider the income from the other units as part of my debt to income?

I have no prior landlord experience and I've seen that most financing requires a 2-year history but I've also seen a few other opinions, so just looking to get something more definitive. 

Thanks in advance!

[Harjeet Bhatti]

@Eddie Gonnella FHA and Home Possible both will count your rental income in your loan scenario.