Dec 2019 – Borrowing Standards – Rental Income

For all you investors still looking to get your own turnkey rentals or direct ownership deals there are some recent changes as of December 2019 on borrowing standards as it relates to how FNMA and FHLMC are looking at using rental income for qualifying.

Basically, if you own/rent currently and have a year history, lenders can use all of the income.

If you own/rent and don’t have a year lenders can offset the payment.

If you don’t own/rent and have no history then lenders can’t use any of the rental income.  This could become an issue for some of our borrowers who live rent free and are trying to get into the investment game.

If you need a referral to a lender. Please shoot me an email at I don’t get paid for it (that would be illegal anyways)… I only want to help you get to financial freedom and for you to find your endgame.