Use Projected Rents of Unfinished Property for DTI?
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Jenning Y.
Investor from Texas
posted 17 days ago
Does anybody here know Fannie mae or Freddie mac's rules on whether can use projected rents of unfinished property for DTI?
For example, if I want to refinance property A but I also have an unfinished property B with construction loan. Can I count the projected income of property B as my income?
I know a few lenders can do that but most lenders can not do that. So what’s Fannie mae or Freddie mac’s rules on this? I just cannot find that information online.
Thanks!