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Updated over 5 years ago,

User Stats

14
Posts
1
Votes
Ruben Anthony
  • Charlotte, NC
1
Votes |
14
Posts

Anyone know if holding multiple leases effect lender decisions?

Ruben Anthony
  • Charlotte, NC
Posted

In quite a bind. My plan is to continue to save for a year for a down payment and closing cost, yet I'm being put in the position of having to sign another lease (different address so essentially have two apartments under my name) in order for an immediate family member to qualify for an apartment. By doing this will a future lender see this as an added debt against my income and prevent me from qualifying for a conventional and or FHA loan?