All Forum Posts by: Christian Angel

Thank you everyone for the prompt response. What about the Family Comparable Rent Schedule (Form 1007). I read that you can submit this form for the expected monthly income and you can use 75% of the projected rental income to help offset the mortgage payment along with a signed lease. Does anyone know if this is actually works?

I currently own a home with my wife in Orlando, Fl. It's our first property financed through FHA under her name. We are looking to upgrade and buy a second home as our primary residence and convert the first home into a rental.
What is the best way to qualify for two mortgages? 
Can I qualify for an fha loan since the first home is only under my wives name?

Can I use the potential rental income form the first home to help with the debt to income ratio?

Thank you in advance.