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Updated 6 days ago, 12/11/2024

User Stats

16
Posts
2
Votes
Summer Shelton
  • Investor
  • St. Louis, MO
2
Votes |
16
Posts

Income from property considered when applying for loan as primary residence

Summer Shelton
  • Investor
  • St. Louis, MO
Posted

When purchasing a small multi family property as a primary residence. Does the bank take into consideration the income from the other units? Wanting to use a FHA loan but will likely do a in house loan with a bank.

Looking to purchase a duplex, triplex or fourplex in Panama City and do short term rentals for summer months and long term through the winter. 

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