The details
Lenders use the lease or the appraiser’s market rent, whichever their guideline requires (often the lower). Most want 1.00 or higher; higher ratios usually get better pricing.
Run it yourself
Related loan programs
More answers
- Is there such a thing as a free mortgage?
- Can you get an interest-free mortgage?
- What is a no-closing-cost mortgage?
- What is the difference between lender-paid and borrower-paid compensation?
- What does “lender-backed” mean on a mortgage?
- Mortgage broker or bank: which is better?
- What DSCR ratio do I need to qualify?
- Can an LLC get a mortgage?
