Updated over 4 years ago on . Most recent reply
Lenders' Consideration of Rental Income
Hi All,
I know it's not the norm, but does anyone know if any lenders will consider rental income if it's been less than 1 year? This is in regards to income and not DTI. I have signed leases and can show 5 months of payments, but nothing on my tax return yet and no other current W-2 income. If relevant, I'm talking about a relatively modest purchase price of about $70k. Thanks!