Under our Bank Statement Mortgage Program, rental income from non-subject properties can be used to boost qualifying power, but there are essential limitations investors should be aware of.
Maximum of 10 Properties Allowed
When using non-subject rental income for qualification, borrowers may own up to 10 properties. This cap ensures that rental income can be verified clearly and consistently across the portfolio.
The primary reason for this limit is straightforward:
- Verifying rent receipts becomes increasingly complex as the number of properties grows.
For most small- to medium-sized real estate investors, owning up to 10 rental properties provides ample flexibility. The Bank Statement program still delivers major benefits:
- Ability to use 75% of gross rents minus PITIA for non-subject properties
- Streamlined documentation throughout the process
- More qualifying power compared to conventional underwriting
- The option to leverage both residential and commercial rental income
Investors with large portfolios still benefit, but they may need to structure their qualifications differently (for example, relying more on bank statement income, DSCR, or asset-based programs).
Contact us for more information.
