Noobie DTI question.

[Jorge Leon]

First time homebuyer. Looking at HomeReady or HomePossible with 3% down for a 4 unit property. Will current rent rolls be used to calculate rental income even if they are well below market value?

Also, how am I supposed to occupy one of the units if (potentially) all units are occupied?

Thanks.

[Harjeet Bhatti]

@Jorge Leon You can use Home Possible loan with 5% down payment because its 4 units. Rent comps will be used for rental income.