HomeReady - Living in ADU and using Main Property rent to offset

HomeReady - Living in ADU and using Main Property rent to offset

Specialist · Denver, CO · Member since 2015 · 3 posts · 0 votes

Hi, I am looking at a SFR in Denver with a detached mother-in-law suite (ADU). Now I know that I can use projected rental income from the ADU to help qualify for a HomeReady loan, but my question is what if I were to live in the ADU and use the projected rental income from the SFR instead? Has anybody successfully done this? Thanks!

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  • Specialist · Broomfield, CO · Member since 2017 · 10 posts · 4 votes
    7y

    @Sam Neff I can’t chime in on this personally, but I know @Chris Lopez has some webinars on ADUs coming up soon

  • Realtor · Denver, CO · Member since 2013 · 2k+ posts · 1k+ votes
    7y

    What does your lender say?

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