FHA debt to income To qualify

[Eudes De leon]

My cousin live in Baltimore Maryland She wants to buy a 4 unit property using a FHA She's afraid that she might not qualify because off Her debt to income Can the bank use the projected income from the rental properties to bring her debt to income so she can qualify . sample she only qualify for a $120000 for a single house. Is she trying to buy a $300000 house with 4 unit can the bank use the project the income from the rental units in order for her to qualify? I think she can but I'm not sure I don't wanna give her misleading information

[Jeff Brower]

@Eudes De leon @Justin Tahilramani Yes you can. You can use 75% of the appraised rental amount, or 75% of current rent, whichever is less.

Example: If each of the 4 units rented for $1100 but appraised at $1000 per month, she could use $750x3 ($2250) to help her qualify.

I just went through this scenario this summer looking at a 4 unit so I know it is possible.