Can I use the "anticipated" income from a multi-family unit to qualify for the loan on the property?

Yes, we all would use the appraisers market value, or even a signed lease agreement. we would use 85% of the rental income on an FHA loan and 75% of the rental income for a conventional home towards your gross income. You may want to get preapproved first.

Yes.. but they will not use your number... when the property is appraised, then if you are going to use the anticipated income, the appraiser will add a supplement with the appraisal showing the comparable rental income for that area. That's what the lender will use and it will be adjusted down to 75% to anticipate vacancy factors as well as maintenance and management costs.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347