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Updated about 1 year ago,

User Stats

89
Posts
28
Votes
Derek Morrison
Pro Member
  • Rental Property Investor
  • Marshfield, MA
28
Votes |
89
Posts

Rental income applied to mortgage?

Derek Morrison
Pro Member
  • Rental Property Investor
  • Marshfield, MA
Posted

I'm looking to buy my first multifamily property. I'm curious if any lenders or experienced investors could speak to how the rental income from the target property affects the mortgage I could receive. For example, if I could qualify for a $250,000 mortgage based on just my W2 income, would the amount I can qualify for be increased based on rental income from the property I'm looking to purchase? 

  • Derek Morrison
  • Loading replies...