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Updated over 12 years ago on . Most recent reply

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