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Updated over 6 years ago on . Most recent reply
Mortgage Question, moving from duplex to single family
Hello everyone, here is my situation.
I currently live in 1 unit of a 2 family home that I own. I also own a single family home and a condo that both have a good rental history.
I want to buy a single family home to move into. Can I use future estimated income for the unit that I'm currently living in to help qualify for my next mortgage?
Thanks for your help!
Most Popular Reply
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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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
@Paul D. the above answer will change very drastically if you are trying to get an FHA loan while already having a current FHA loan. If you could let us know what loan types as I mentioned previously that would be significantly helpful.