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Updated about 3 years ago,
Projected rental income for fha loan as a first time home buyer
Hi everyone! Im looking to finance a multifamily property with fha loan. I just wanted to know if projected rental income from subject property can be used as qualifying income or not for the first time home buyer. I talked to quicken loans about it they said it can be used only if you are not a first time home buyer according to fha guidelines. Im not sure if projected income will be used as a first time home buyer or not. Please let me know if quicken loans is right ? Thanks in advance