Using Future Rental Income to Qualify

[John Barton]

Can you use future rental income to qualify for House Hacking?

I have talked to a few lenders who say that I cannot count future rental income and it is making it difficult to qualify for a loan based on my income alone.

Any pro tips from current house hackers on this? Thanks!

[Andrew Postell]

@John Barton so if you are buying a 2-4 unit property then you should absolutely be able to use that income to help you qualify.  If a lender is telling you "no"...then go to a different lender.  Plenty of lenders will use it.

However, if you are trying to use rental income from someone renting your garage, room, couch, floor, etc. then no lender will be able to use that.  But rental income from separate units - yes.  Hope this helps.