Ask a Jumbo Genius – Rental Income
How is rental income considered when approving a Jumbo Loan?
Border income, meaning rent paid by anyone living in your home, is not allowed when calculating income on Jumbo Loans. We do, however, consider rental income on second homes or investment properties. Generally, 75% of the rental rate is calculated as income. For a custom quote based on your rental income streams, contact a Jumbo Genius below or call 708-531-8388.