FHA Loan for Primary House - Full Time Real Estate Investor

[Cody Caswell]

Is it true you can use taxes, depreciation, insurance, and mortgage interest for qualifying income when applying for an FHA loan on a primary residence? Backstory - we have an apartment complex that had a $339k loss on paper last year (I'm a 40% partner). After adding those four items back in, it brings the complex to making around $6,500. This would probably allow me to qualify for the FHA loan if this is true since the giant loss is throwing off my DTI. This is my first personal mortgage so I'm trying to learn the game. Commercial financing is 100% different (and easier lol)!

We're working with a new construction builder who has an in-house lender (Austin, Texas area). It seems like the LO's have no experience working with investors and are not very concerned with trying to make the numbers work. Any knowledge or expertise in this area is greatly appreciated!!