@Semilore Lawal- thanks ...assuming you have a  decent  down payment for the  rental - I  would assume the  new property rental income  could  cover ( or  come close to covering ) the  new  property mortgage  payment ....if this is the case - your  debt/ income ratio  shouldnt  increase too much ....if the  realistic rental income is much lower than what the mtg payment will be - then this  wont  be applicable  .....get in toouch with a CN lender and get a pre approval formally  started to know for sure - good luck

I performed a pre-inspection and wrote an offer with no inspection contingency!

I performed a pre-inspection and wrote an offer with no inspection contingency!

Have a buyer reconsidering a pre negotiated deal on a four plex. 15%ish down.

Conveniently situated less than 10 minutes from the resort for great skiing and mountain biking, and less than 10 minutes from Eagle Nest Lake for fantastic fishing and boating.

As others are alluding to POF is actual funds in an account in your name, anything else is a pre-qual or pre-approval.

Your first step should be getting a pre-approval for a loan so you know what your purchase budget looks like.

My first home had a 12.25% APR loan and it was easy to see that a goal of paying off the mortgage early was similar to expected mutual fund yields.Today, as a REI, I look at it differently.

I learned what I needed to and passed my test, which is what matters for a pre-license course.  

Has anyone had experience in dealing with the USDA on a pre-foreclosure.