Can a first-time buyer use rental income to afford a Cumming multi-family?

A first-time buyer can often use projected rental income from a Cumming multi-family to help qualify for a larger loan, since lenders will typically count a percentage of that projected rent toward qualifying income on this type of purchase, though the exact amount counted varies by lender and loan program. The buyer generally still needs to occupy one of the units for that favorable underwriting treatment to apply. A lender experienced in multi-family financing needs to confirm the specific numbers. Joel Boss can pull current Cumming multi-family listings and comparable rents to start that conversation.