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Updated over 1 year ago, 08/12/2023

User Stats

3
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1
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Patrick Davis
Pro Member
1
Votes |
3
Posts

FHA Loan Limitations

Patrick Davis
Pro Member
Posted

I want to purchase a 10 unit apartment building using an FHA loan. My DTI ratio is above 57%, but the rent I receive on the property will easily cover my mortgage payment. Is there a debt product or workaround anyone can think of? Or should I just try and show the bank that the property will be able to pay for itself and my W2 income is irrelevant?

  • Patrick Davis
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