Mortgage advice help

[Chris Ortega]

Good Morning BP! I am wondering if anyone out there had insight on lenders in Houston/Galveston TX area. My fiancé and I are relocating from New Jersey and are trying to secure a loan. Long story short we wasted 8 weeks trying to deal with a lender just to basically be put on the back burner time and time again. My fiancé is starting his construction business in Texas and I am the only one showing income for the time being. I am trying to purchase a duplex for 155k both units rented. I would like to secure an FHA loan and occupy one of the units. Because of my debt to income ratio we are at max capacity and I would need to find a job in Texas with the same income as I have now. This is seemingly tough especially on a time constraint. Is there any lender that still uses the income from an already rented property for income ? This would alleviate much of my debt to income ratio. Also we are looking to put about 10-15% down so that should bring the price of the house down a bit AND it's been on the market for quitesome time like a year so I was thinking we can talk the price down a bit. Any suggestions?? Thank you!

[Michael Cohen]

On an FHA loan, 70% of the rental income from units 2, e and 4 would count as qualifying income.