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All Forum Posts by: Wyatt Fike

Wyatt Fike has started 1 posts and replied 1 times.

House Hacking

Post: Need advice on financing a duplex with low income

Wyatt FikePosted
  • Posts 1
  • Votes 3

Hello, I'm looking to go to lenders sometime soon to get pre-approved for an FHA but I have lots of questions whether or not I meet the qualifications especially with the price of duplexes in Pensacola, FL. I'm currently a college student working part-time earning 25-30k yearly. I have $18,000 saved to use for a down payment and closing costs. I know I can use some of the expected rent from a property for my DTI but I'm just curious to see if there is any advice someone can give me since my income is very low. Will a lender even look at me?

3 Votes
Destin, Florida