Qualifying Income Series (Pt 5): Rental Income

If you are looking to buy a new property and you already own property, either as a primary residence or a current investment property you’re likely wondering if you can use rental income, or potential rental income, to qualify for your purchase. Here Ruby discusses the most likely circumstances in which rental income can be used to qualify when buying property. As she mentioned in the top of the series, for every rule and guideline there is likely a program that is specifically designed to get around it so don’t be discouraged if you’re hoping to use rental income to qualify and it sounds like you might not be able.