Is rental income counted when applying for a loan?
I am looking at an FHA loan for a multi unit property in a hot location. Will the potential rental income be counted when applying for a loan? I live in Georgia and I still have to figure out the vacancy rates, property management costs and the like. by ccohen840 from Atlanta, Georgia. Jun 6th 2022
John Burke (jburke)
#27 ranked lender in Texas - 321 contributions
Yes, potential rental income can be used but FHA requires us to run a net self-sufficiency rental income calculation. Feel free to reach out if you need help.| John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |
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