Will a rental house affect our new loan application?

Hello, so my family and I are already halfway through our 30 year loan on our house. We’re currently house-hunting but we still haven’t found the right house for us yet. We plan to put our current house up for rent when we relocate, at least for a while. So we found high-quality brick duplexes for sale close by and based on the listings they have been updated and have long-term leases. Depending on how much cash we put down, the mortgage payment on the house would be anywhere from break-even with rental money completely paying the mortgage, to us pocketing half of the rental money. I was wondering how a rental house will affect getting a new loan. Will it affect it in a positive or a negative way? by dgriffith648 from Glendale, California. Jul 5th 2022 Reply