Underwriting and Lending Question

[Zachary Harrison]

I got a call from my lender saying the "underwriter" won't or isn't allowing me to rent my home to a family member in order to qualify for another loan.  Has anyone had a similar issue?  Can the underwriter dictate who I rent to so I can qualify for another loan?  I have never heard of this.

I asked if we could get a different underwriter (this is actually the 2nd underwriter as the first one quit which I just found out today).

Any comments/thoughts would be much appreciated.  Thanks in advance.  

[Chris Seveney]

@Zachary Harrison

That’s not uncommon because it’s not an arms length transaction and many times rents are inflated or non standard or some shady stuff goes down.

It should be arms length transaction