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Updated over 1 year ago,

User Stats

21
Posts
9
Votes
Jonathan Buelow
Pro Member
  • Rental Property Investor
  • Wisconsin
9
Votes |
21
Posts

Using property income towards income for loan approval

Jonathan Buelow
Pro Member
  • Rental Property Investor
  • Wisconsin
Posted

How can the broker add my prospective property income to my DTI?

I have enough for a downpayment, good credit, and no debt but my income is too low. I understood I could use 75% of the other units' rent to make up for that but, I am being told I need to have 2 years of landlord. Will any lenders look past the landlord and look at the actual number?

  • Jonathan Buelow
  • Loading replies...