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Can I use Room Mate Income to Qualify for a Mortgage?

Questions you really should be asking

One of the phenomena of the Great Recession is that young people are turning to family members and other young professionals to share housing.

A question that was recently presented to me by a client wanting to buy the SINGLE FAMILY home they have been renting as their primary resident:

“Can I use roommate income to qualify for a mortgage”?

Answer: It Depends Continue reading Can I use Room Mate Income to Qualify for a Mortgage?