I have closed many multi-family mortgages, especially for two-family homes in Brooklyn, Queens and Bronx for first time buyers without prior landlord experience who were not required to have tenants.
But there are many factors to be considered besides the tenants and your own qualifications including loan program, down payment, is this an investment property or will you live there and the list goes on.
I recommend that you meet with an experienced loan officer to go over all the particulars of your scenario in detail. And if needed, get a second opinion because requirements vary from bank to bank even within the same loan program. For more information, I can be reached directly at 917.699.0183 or via email at firstname.lastname@example.org. Follow me on twitter via @mdenniston247.
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Michael Denniston l Cell: (917) 699-0183
Residential Home Funding, Corp.
Licensed Mortgage Loan Originator l Sales Manager
6901 Jericho Turnpike Ste. 219 | Syosset, NY 11791
Main: (516) 605-1733 | Fax: (888) 881-2557
NMLS # 24076 | Company NMLS # 34973