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Updated over 4 years ago,

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5
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Jon Westover
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5
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How to use your House Hack income to buy your next home

Jon Westover
Posted

I've been running into some issues in talking to lenders about getting another primary mortgage and getting my income from my house hacked current home to qualify as income to offset my Debt to Income Ratio. 

I currently live in a home and I house hack the majority of it. I've lived here 2.5 years. I want to purchase a new home. The lenders have stated they will only accept one lease from my house hack. I have 4 leases and I need all 4 to count as qualifying income. The lender stated the reason they won't qualify it is because the home is listed as single family. 

Has anyone encountered the same issue how did you resolve it? 

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