General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated 6 months ago on . Most recent reply
![Rhea Jeong's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3100874/1723761804-avatar-rheaj1.jpg?twic=v1/output=image/cover=128x128&v=2)
Rental income consideration to mortgage
Hello all,
I am first time investor and I’m looking at multi family houses in NJ. With my current salary I can only borrow 300k and it will give me limited directory in the market I’m looking at. I heard some lenders would consider future rent that I will collect from the property even if it’s just 7-80% of it, and when I talked to two mortgage lenders so far they said it won’t be counted until I actually have the rent come into my bank. This means I can’t bump up my purchasing power. If anyone can advise me if this is true or I should try harder to find a lender who is willing to, I would appreciate!!
FYI, I want to get down payment assistance so it has to be the lenders among the list from the state.
Thank you guys!