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Updated about 3 years ago on . Most recent reply

User Stats

29
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5
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Adonis Yancey
5
Votes |
29
Posts

Mortgage Approval Amount

Adonis Yancey
Posted

Hi there, I am in need of some advice. I am interested in house hacking and I've been in search of a multifamily property to jump start my investing Journey. I recently found a multi family property that I am interested in. But when I applied for a mortgage I was told that I did not qualify for enough to purchase the property. I have enough saved for the down payment but I can't get approved or make an offer on the property using my agent because I dont qualify for enough. What could I do in this situation?

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