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Updated about 5 years ago,

User Stats

20
Posts
2
Votes
Dominique Long
2
Votes |
20
Posts

Short on rental income for mortgage

Dominique Long
Posted

Hello!

I’m currently in the process of purchasing a 3 family home with a fha Loan. I was approved pending appraisal everything was all set until the appraisal came back with the below market values for the rental income and now I’m short 150$ on rental income a month and my lender is telling me I can’t move forward because of this. I really don’t want to lose out on this house over 150$. Co-signing is not an option for me nor is paying down debt because I already paid it off. Any other suggestions I can do? Or ideas?

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