203k on a Multi Family Property (Income verification)

[Kerry Boyle]

For a 203k loan on a multi-family:

Does underwriting look at your income exclusively, or do they use the ARV appraisal's market rents suggestions to supplement (some percentage) your income?

[Jason Little]

Lender should be able to use 75% of the appraised rental income for the non-occupied units. That value should be coming from a post-rehab perspective, since that's when you would first be renting them out.