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All Forum Posts by: Jonathan Sanchez

Jonathan Sanchez has started 1 posts and replied 2 times.

Creative Real Estate Financing

Post: Low income, 200,000 loan?

Jonathan SanchezPosted
  • Los Angeles, CA
  • Posts 2
  • Votes 0

I'm a first time home buyer I would like to buy a multi unit property... Making about 30,000 a year have good credit (700) and have saved up enough for a few months of mortgage payment and a 5% downpayment on a 200,000 FHA loan. No debt. I was wondering would banks consider future tenant income for the loan? I can easily afford the mortgage when renting out to family.

0 Votes
Buying & Selling Real Estate

Post: Please read! Buying using FHA

Jonathan SanchezPosted
  • Los Angeles, CA
  • Posts 2
  • Votes 0

Sounds like bank fraud, Jail would stop you?

0 Votes