Short Term Rental Income From Primary Residence?

[Kyle Moore]

Greetings all,

I have been told by two lenders now that you can NOT use STR income from a primary residence to qualify for a loan. The income is documented on Schedule E. They WILL use the STR income from my non-primary residence to qualify (also on schedule E).

Both lenders claim these are Fannie/Freddie guidelines and not the result of the an overlay. Has anyone been able to overcome this obstacle?