DTI Ratio and Short Term Rental Financing

[Ashley Rothacker]

Hello! I currently own one long term and two short term rental properties. I'm working on getting a third STR but struggling to find a lender that will use STR income towards the mortgage application, therefore making my debt to income ratio too high. Any suggestions on how to go about getting an investment mortgage a different way?

[Brooke Spaulding]

We ran into this. Our income had to show on two years tax returns before it would count and it's drastically reduced based on Fannie Mae calculations. We are opting for our third property to be a land loan - cheaper option to buy right now but still move forward. Haven't found a work around or any bank that will count more of the income.