I've lived with people under my roof and even had to kick them out, but the bank says without a lease agreement I can't use this as landlord experience on my mortgage application.
What are some creative ways to get landlord experience so I can count rents on my mortgage?
And, how long do you have to be a landlord before you can put it on the application?
Let me know what you think!
Call a different bank/lender. In many cases this requirement is just from that bank and not from Fannie or Freddie. Call some mortgage brokers in your area and tell them you're looking for a lender who will qualify rents before 2 years.