Reno NV help with lending

[Ricardo Nieto]

Hi everyone, I have a pretty specific question regarding lending.

So a little bit of background, I have one rental property under my name cash flowing a little over 400 a month with a 100,000 mortgage. My partner has no debt to her name or a property under her name.

Together we make 40,000 annually and we are looking for a 3.5% down owner occupant FHA loan on a multifamily home worth 480,000.

Its a bit of a stretch but I heard somewhere that some lender will use the projected rental income from the other units to help with your projected mortgage payment. The fair market rent in the area varies but the property could bring in about 3,300 from all the units combined not including our unit that we will occupy.

I was wondering if anyone had any input to some pitfalls we might face or if anyone knows a lender in Reno NV that would work with us.

Thanks again for any input or help!