New rental income for DTI when getting mortgage

KnoxvilleTN · Member since 2016 · 24 posts · 4 votes

How soon can I use rental income when getting a mortgage. Can I use projected income or does house need to be rented already?

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Cody Barna
Real Estate Agent · Member since 2019 · 285 posts · 149 votes
5y
@Jeff Nichols it may depend on your lender and the type of loan but typically they can use the projected income towards the amount you qualify for.
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