+1 vote
asked in FHA Loans by
How high seems to be a function of which calculator is used. But, we will stipulate that it looks very high.

We penciled it out and realized that demand for rentals in our area is very strong. If we charge FMR, we should be up $200-250/month. Just refi’d with VA. No c/o, just knocking $100/mo off the payment.

It’s starting to make sense to buy a cheaper home to actually live in.

How would using house #1 as a rental affect DTI? Do we need to find the tenant first?

We don’t *have* to do FHA. Just hearing that they are the most forgiving re DTI. We can come up with a 20% DP if that would make a conventional work.

Not sure what direction to go.

Thank you!

1 Answer

0 votes
answered by (41.7k points)
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