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Updated about 5 years ago,
Short on rental income for mortgage
Hello!
I’m currently In the process of buying a 3 family home using fha loan. I was approved pending appraisal everything was all fine until the appraisal came back with the below market value rents which they currently are. So I’m short 150$ of rental income a month and now my lender is saying I cannot move forward because of this. Anybody have any ideas on what I can do to move forward? I do not want to lose house over 150$. Co-signing is not an option for me and I already paid down all my debt! What should I do? Or try? Any suggestions?