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Kayla C.
  • Rental Property Investor
  • Jackson, MS
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ISO Mortgage Lender

Kayla C.
  • Rental Property Investor
  • Jackson, MS
Posted Jan 28 2023, 13:55

Looking for a mortgage lender that has experience in using projected rental income to help qualify for a mortgage. Purchasing in Mississippi or Louisiana.

Thank you in advance.

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Erik Estrada
Lender
  • Lender
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Erik Estrada
Lender
  • Lender
Replied Jan 28 2023, 14:45

Hey Kayla, 

Is this for a primary residence purchase or investment property. You can use projected rents on a DSCR loan and conventional loans.

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Robin Simon#1 Creative Real Estate Financing Contributor
  • Lender
  • Austin, TX
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Robin Simon#1 Creative Real Estate Financing Contributor
  • Lender
  • Austin, TX
Replied Jan 28 2023, 15:06
Quote from @Kayla C.:

Looking for a mortgage lender that has experience in using projected rental income to help qualify for a mortgage. Purchasing in Mississippi or Louisiana.

Thank you in advance.

 Strongly recommend @River Sava for this!

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Kayla C.
  • Rental Property Investor
  • Jackson, MS
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Kayla C.
  • Rental Property Investor
  • Jackson, MS
Replied Jan 28 2023, 17:18
Quote from @Erik Estrada:

Hey Kayla, 

Is this for a primary residence purchase or investment property. You can use projected rents on a DSCR loan and conventional loans.


 It would be for a primary residence.

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Andrew Postell
Lender
Pro Member
#1 Creative Real Estate Financing Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
Lender
Pro Member
#1 Creative Real Estate Financing Contributor
  • Lender
  • Fort Worth, TX
Replied Jan 31 2023, 08:55

@Kayla C. so you need a lender that can use the rental income from your existing properties so you can purchase a new home?  Is that right?  Or are you needing help using the rental income on your new home that you are purchasing?  In either case, there are plenty of lenders that can help with this.

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