scottee10
745 Posts |
 Posted - 06/29/2009 : 11:49:38 AM
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| Have a purchase where the predominant portion of his annual gross income is from a partnership. This is technically classified "passive income" on the K1. The first lender that I ran it by told me they will not allow it into the DTI calculation, which kills the deal. I do not believe this is a Fannie requirement but seems to be an investor overlay. Any ideas for a lender that won't have a problem with passive income as part of their annual gross? |
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