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Short-Term & Vacation Rental Discussions
Derek Buehner's profile image
  • from Colorado Springs, Colorado
  • Member since Jan 25, 2016

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3
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Derek Buehner's profile image
  • from Colorado Springs, Colorado
  • Member since Jan 25, 2016
Derek Buehner
  • Colorado Springs, CO
1
Votes |
3
Posts

Qualifying for a second mortgage with a STR

Derek Buehner
  • Colorado Springs, CO
Posted Feb 9 2023, 11:09

What should I expect when applying for a second conventional loan to purchase a primary residence, considering that I have an existing short-term rental property with a year of history and an average monthly profit of $400 after expenses, including the mortgage? How do lenders evaluate the stability and income from an existing short-term rental property when determining debt-to-income ratio? Thanks in advance! 

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