Will I qualify for the FHA loan?
The house has 2 units with 3 bedrooms each.
I will be renting both the units out and the Expect Rent Income = 3,000/ month
Mortgage = 2,000/month.
Annual Income = 80K or Monthly Take Home = 4,800
Currently, I bring in 60K and my wife brings in 20 K.
I have had the same employer in the past two years, as I do now, but I haven't had a high gross annual salary on my W2's because I had taken a break for technical training.
I can show my current pay stubs and letter from my employer indicating current salary.
Both our credit scores are around 750.
Will I still qualify for the FHA loan?