If you do not have a history of rental income on a property you own and have rented out, FHA will allow this income to be used to offset the payment on that house. This may help you qualify for your new home. Contact me for all the details!
Related Article Title: FHA – Using Rental Income-Limited History- How do you count rental income when the tenant has not been paying long enough to be reported on the borrower’s tax returns. Answer: FHA has a specific requirement for determining rental income that can be used for qualifying when there is a limited history of rental […]