House-Hacking FHA-Preapproval Calculator

[David Rodriguez]

Very new to real estate and want to create actionable steps towards getting my first home. My goal is to house hack.

I want to figure out how much I can qualify for with an FHA pre-approval calculator. The calculators I have found do not seem to increase what I can afford as they do not consider house hacking rental income. Does anybody know a good tool for this?

[Derek Brickley]

Quote from @David Rodriguez:

Very new to real estate and want to create actionable steps towards getting my first home. My goal is to house hack.

I want to figure out how much I can qualify for with an FHA pre-approval calculator. The calculators I have found do not seem to increase what I can afford as they do not consider house hacking rental income. Does anybody know a good tool for this?

Hey David!  I absolutely know a good tool: talk to a lender.  I know it sounds like a cheat answer, but as a lender it’s our job to tell you what you can qualify for and it’s also something you will need to do before you can convince an agent to show you properties (in most cases).  Talking to an investor friendly lender that understands your goals is important.  What state are you in?