How long does that rental income have to be seasoned (the departing house)?
@LoanWithJen
Жыл бұрын
On a conventional loan , for the new house, you can use the market rent for the area to offset your payment asap. The lender will want to see a lease in place before closing also, with a security deposit. Just a reminder, if your NEW loan is FHA, you cannot use departing residence rent to offset your payment.
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