Getting a mortgage for a 3 family

[Cam Roberts]

Hello everyone,

Is it possible to attain a mortgage for a 3 family home for 750k putting 140k down? So 610k mortgage.

Let's assume the buyer has amazing credit, makes 70k a year, has 140k in cash and will live in the 3 family in the smallest unit renting out the other 2 units to the current tenants for $3,500. The buyer has 0$ debt and 0$ monthly expenses except for food, car insurance, gas for car, utilities.

Is it possible to get a mortgage for 610k from a bank with this salary? I imagine the bank will not want to rely on the rental income for the mortgage but I do not know.