How existing rentals count as income or debt on a conventional loan, leases, and tax returns. The 2 Mortgage Guys at Luminate Bank, lending nationwide.
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Both ways — as potential income and as potential debt. Conventional underwriters review leases, tax returns, vacancy factors, and the mortgage payment on each rental. Done right, rental income can help you qualify; done poorly, empty or poorly documented rentals can hurt DTI.
Underwriters net rental results rather than counting gross rent as free cash flow.
These gaps reduce how much rent you can use.
Complete packages move faster.
We run property-level cash flow before you write an offer.
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Share your leases and Schedule E with Ryan or Steve — we will show how your rentals count toward conventional qualifying.