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Updated over 12 years ago,

User Stats

107
Posts
13
Votes
Asher Anthes
  • Charlotte, NC
13
Votes |
107
Posts

What Lenders will use my current rental income if I only have one years history?

Asher Anthes
  • Charlotte, NC
Posted

Okay so here's my situation. I bought my first house in may of last year. I have lived in it and rented it out to friends (boarder income). My gross annual income from the house is approx $18,000 a year.

I can't seem to find a lender that will use this on my debt to income ratio. They say I need two years. Will small local lenders be more lenient on this possibly?

Thanks,

Asher

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