DTI and multi family purchase

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  • #48044
    frankysmom
    Member

    Hello

    Is the projected rental income from a multi family counted towards the income amount in DTI? Any limitations or whatnot? Thanks

    #48045
    TTrumble
    Member

    Hello frankysmom,

    75% of the projected rental income is included in calculating the affordable payment for a multi-family property but is not considered part of your DTI calculations.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #48048
    frankysmom
    Member

    How does the landlord fund of $400 factor into it, if it does?

    DTI is 31% (mortgage payment) + 9% (Debt: loans and credit cards)

    #48062
    TTrumble
    Member

    The landlord fund has no bearing on DTI.

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