Using future rental income to obtain high loan amount.

[Reggie Laxamana]

Hello, I am buying my next property by the end of this year 2019. We don't have much income around (95k after tax). 

My question is in order to obtain a high loan amount aside from have a good debt to income ratio and credit score...

Am I able to add future rental income from house hacking the house I'm applying for to obtain a high loan amount. We're trying to get a duplex however I'm afraid we don't make enough income to obtain at least 400-500k for a duplex here in Dallas, Texas. If we can't get a duplex we will just house hack a Single family home. I've asked several agents and lenders so far and they have not been able to get me a straight answer. Thanks in advance for all the support. 

[Matthew Chalfant]

Hey Reggie, 

I can not give you a direct answer I can only speak from what limited experience I have. You can get pre-approved for a loan. If you are able to sit down with the loan officer and be transparent about your situation they may work with you. Worst they can do is say no. Also, I have about a 670 credit score and make only 44K and was approved for a 209.5K VA loan. Hope it helps.