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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingUsing Projected Rental Income to Qualify
Tommy C.'s profile image
Tommy C.'s profile image
Tommy C.
  • Rental Property Investor
  • from Detroit, MI
  • Member since Jan 10, 2021
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Tommy C.'s profile image
Tommy C.'s profile image
Tommy C.
  • Rental Property Investor
  • from Detroit, MI
  • Member since Jan 10, 2021
Connect
Tommy C.
  • Rental Property Investor
  • Detroit, MI
6
Votes |
20
Posts
Creative Real Estate Financing

Using Projected Rental Income to Qualify

Tommy C.
  • Rental Property Investor
  • Detroit, MI
Posted Oct 27 2021, 12:32

Hi all!

I'm looking at using projected rental income to qualify for an FHA mortgage.

The property is a 4plex and I plan on living in the 4th unit while renting out the other 3 units.

Does anyone know of any lenders that will acknowledge projected rental income to qualify for the mortgage?

I just want to add that the property is for sale and the units are currently being rented so the leases are available.

Any help is greatly appreciated!

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