Updated over 3 years ago on . Most recent reply
Seller Financing impact on DTI
Hello
I am buying a new primary and in escrow on a seller financing property. Will the seller financing mortgage be counted in my DTI and ability to qualify for the mortgage on my primary residence?
Most Popular Reply
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
- 6,391
- Votes |
- 8,020
- Posts
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Account Closed you can just have the seller finance the loan to your LLC. Then you are not personally obligated for it. As mentioned above, if you are personally obligated for it - it will be held against you with some loan types. So just have your LLC be the borrower and then it won't matter. Hope that makes sense.