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Updated almost 10 years ago on . Most recent reply

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Jonathan Sanchez
  • Los Angeles, CA
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Low income, 200,000 loan?

Jonathan Sanchez
  • Los Angeles, CA
Posted

I'm a first time home buyer I would like to buy a multi unit property... Making about 30,000 a year have good credit (700) and have saved up enough for a few months of mortgage payment and a 5% downpayment on a 200,000 FHA loan. No debt. I was wondering would banks consider future tenant income for the loan? I can easily afford the mortgage when renting out to family.

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