Yes you can as long as you qualify. Typically lenders want to see 2 years of landlord experience in order to use rental income. This is shown through your tax returns. It is still possible to use the rental income with less than 2 years in most cases I have come to find out. I am refinancing a client right now with 1.5 years of rental income on his two properties and the lender is allowing us to use the income for qualification purposes. If you qualify without the rental income this may not even be an issue but it is something to be aware of.
If you have any questions on this please feel free to give me a call. Right now my best lenders have 30 year rates at 3.5% and that is also giving you a lender credit of almost one full point... so your closing costs would be minimal.
Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
email@example.com | http://www.AustinListed.com