Short on rental income for mortgage

[Dominique Long]

Hello!

I’m currently in the process of purchasing a 3 family home with a fha Loan. I was approved pending appraisal everything was all set until the appraisal came back with the below market values for the rental income and now I’m short 150$ on rental income a month and my lender is telling me I can’t move forward because of this. I really don’t want to lose out on this house over 150$. Co-signing is not an option for me nor is paying down debt because I already paid it off. Any other suggestions I can do? Or ideas?

[Alex Olson]

@Dominique Long Can you negotiate a lower purchase price? The current list price does not justify that the property is worth what you are willing to pay for.