Asked by Ra7529, Natick, MA • Fri May 14, 2010
Using a jumbo loan I bought a 2-family jointly with my brother a few years ago. He has recently purchased a single family with his girlfriend and mywife and I are looking to do the same. We have $40,000 to put down but we don't want to sell the multifamily. If we rent it, the rent will cover almost all of the mortgage. Would we qualify for a homepath mortgage with a credit score of 700 and an income of $150,000?
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