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I currently own an investment property in which I pay about $ 250 more per month than my mortgage. The problem is that my tenant in the house for a little less than a year. My understanding is that I have at least 2 years of rental income, before I could make it count as income when. Eligibility for a new house I want to buy a new home in the year to take advantage of low price / make good offers, but my background ratio considered to be cherished my debt investment property. Is it possible, my current mortgage from a new qualification to exclude? (Both loans are VA loan) OK, a somewhat different … My background report will be about 55%. VA can be maintained at 41% or less. Is it unthinkable to get approved with a ratio as high? Is what I can do for the lender to show that I am good to compensate for the loan to 55%? My credit score is above 680.Danke for the answer, but I think you’re wrong. I other VA loans, because I have not reached my front right. Not even close actually. I spoke with USAA, and I’m currently trying to eliminate my revolving debt before it to make a purchase, but the back-end, what really worries me.

2 Thoughts on How do I exclude a mortgage investment on a new loan qualification?
  1. Reply
    Pascal the Gambler
    April 1, 2013 at 8:11 pm

    No, of course you can’t exclude it.

  2. Reply
    linkus86
    April 1, 2013 at 8:15 pm

    You are not allowed to hold more than one va loan at a time. And other lenders do not budge on debt ratios. You are going to have to wait, buy a cheaper property, or come up with a larger down payment to reduce the size of the loan.

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