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Updated about 6 years ago,

User Stats

355
Posts
190
Votes
Sarah Lorenz
  • Specialist
  • Ann Arbor, MI
190
Votes |
355
Posts

How carefully do lenders look at rental income?

Sarah Lorenz
  • Specialist
  • Ann Arbor, MI
Posted

I have a significant amount of short term rental income on my primary residence this year, which is the only property that I currently own. I will be selling it in 2018 and buying a new primary as well as an investment property. If I have a similar amount of rental income in 2019, will a lender simply see that similar amount and then count that as a two year track record of income, or will they notice the different properties and want to see a two year track record with the same property?

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