If you are currently renting and are thinking about purchasing a home, a lender will review your rental history. Some of my clients pay cash for their rental property each month, so there is no “paper trail” such as a canceled check or other payment method. If this is your situation, you can still purchase a home. We just document your rental history in an alternative way. Let’s talk about your situation and come up with a plan!
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If you are currently renting and are thinking about purchasing a home, a lender will review your rental history. Some of my clients pay cash for their rental property each month, so there is no “paper trail” such as a canceled check or other payment method. If this is your situation, you can still purchase a home. We just document your rental history in an alternative way. Let’s talk about your situation and come up with a plan!

ByBrandon Butler

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Did you know that if you have a history of renting a room or part of your home, this may help you qualify for a home loan?  This is known as “Boarder Income”. Recent updates now allow borrowers to use this type of rental income as qualifying income to buy a home. If this is your situation, let’s talk, and I’ll fill you in on the details.
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Did you know that if you have a history of renting a room or part of your home, this may help you qualify for a home loan?  This is known as “Boarder Income”. Recent updates now allow borrowers to use this type of rental income as qualifying income to buy a home. If this is your situation, let’s talk, and I’ll fill you in on the details.

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.