HELOC + DTI dilemma

[Matthew Delaney]

Hi BP, 

Does anyone know how Underwriting views rental income when applying for a Heloc? 

I have been denied a Heloc by both a big box and a local community bank based on not meeting the DTI requirement.

Thanks, Matt 

[Bob Okenwa]

Hi Matthew,

Many lenders will not allow rental income if you have not owned the property and been a landlord for at least 2 years.