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Debt Ratios Too High? Buy House As Investment; Not As Occupant

We have borrowers with substantial down payment funds and limited income who cannot qualify for the home they would like to purchase b/c their debt ratios are too high.

A solution for these borrowers is to buy the house as an investment property (instead of an owner-occupied property). Buyers can put a renter in the house (just need a lease and a copy of the first check), and then use future rents to help qualify for a mortgage.

Investment property interest rates are higher, but it beats the alternatives of no loan at all, or a hard money loan with very high rates and fees.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646