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.