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Updated over 1 year ago on . Most recent reply

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52
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Nolan Mahoney
25
Votes |
52
Posts

Using rents as income for 5% down

Nolan Mahoney
Posted

Since the new 5% down payment came out i am currious if the rents from a 2-4 unit owner ocupied can be used as income to help qualify for the loan, like you can with FHA financing.

Most Popular Reply

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2,260
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1,275
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Jason Wray
  • Banker
  • Nationwide
1,275
Votes |
2,260
Posts
Jason Wray
  • Banker
  • Nationwide
Replied

Yes, they still allow the buyer to use 75% of all of the other units rents.

  • Jason Wray
  • [email protected]
  • 727-637-4289
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