Investor Friendly Lender in Middle TN

[Joshua Davies]

Hi All, I am looking for an investor friendly lender in Middle TN to finance a primary residence. I am looking to buy in Franklin, TN next July and liking to speak with lenders regarding my situation. I currently have one rental property, a duplex that cash flows well, and currently under contract on another duplex. From what I have been reading over the last few months, lenders will be able to use the rental income from my schedule E, or signed leases (using 75% of gross income) to qualify as income to be added to my W-2 income. However, I have been speaking with a couple lenders in TN and they have told me they will require landlord experience (minimum 2 years) to be able to count this income. I would really like to work with a lender who will use the income right away - by the time I buy I will have 6 months seasoning. If anybody here can shed some light on this topic or recommend a lender it would be greatly appreciated. Thanks.