Updated almost 7 years ago on . Most recent reply
Using projected rental income towards DTI on FHA
I've read mixed things and was not able to find a previous post on the subject but has anyone been able to use the projected rental income towards your DTI ratio to be approved for an FHA? I did an FHA on a single family, lived in it for a couple years, refinanced into a conventional and rented it out for a year. Since I have renting experience (which I've read is a qualifying factor to be able to use projected rent income towards DTI) will I be able to use that towards my next multi I plan to do an FHA on? Or does the projected rental income trick only work with higher down payment investment loans?