Explore Our Knowledge Base

Starting your investing journey can be daunting. Browse our Getting Started Guides to learn about different investing strategies.

Will I qualify for a larger loan amount if I plan on renting out part of the home?

We work with many younger, first-time house hackers. Qualifying for a loan can be challenging if they have recently graduated from college and have a relatively low income. A common question they ask is, “Will I qualify for a larger loan if I can prove that a portion of the home will be rented out?”

The quick answer is no. When you purchase a single-family home, the lender provides a loan based on the individuals listed on the loan documents. Your future tenants will never be on those loan documents.

However, multifamily lending is a different story. To learn more about multifamily lending requirements, check out our Multifamily House Hacking Section in this Knowledge Base.

Sign Up For Our Newsletter
What do you want to learn today?

All registrants get the recording sent to them automatically.