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Updated about 2 years ago on . Most recent reply

STR income count towards DTI if purchased using vacation home loan
My family and I are gearing up to purchase another primary residence in 2 years. Therefore, we want to ensure that we are prepared and there are no surprised. I feel like I've read somewhere that if you have a vacation home, you cannot count the income towards DTI? Is this true?
We currently have one cabin and one primary residence.
I would be using a VA home loan if that matter.
Most Popular Reply

You'll need to have the property long enough to show up on your taxes. Once it's on your Schedule E a loan officer will be able to use the income generated to offset the debts in your DTI calculation.