Rental Income
Rental Income
Best for: Additional Income Needed to Qualify
| Best For | Additional Income Needed to Qualify |
| Max Loan Amount | $5,000,000 |
| Min Loan Amount | $150,000 |
| Min FICO | 680 |
| Max LTV | 90% |
| Max DTI | 50% |
| Short-Term Rental | Y |
| Interest Only | Y |
| Fixed Rate | Y |
| Adjustable Rate | Y |
| Subordinate Financing | N |
| Occupancy | Primary 2nd Home Investment |
| Property Types (1 ADU permitted for SFR) | SFR / PUD 2–4 Unit Warrantable Condo Non-Warrantable Condo Condotel Co-Op Modular |
| Transaction Types | Purchase Rate-Term Refi Cash-Out Refi |
Using Rental Income to Strengthen Non-QM Qualification
Rental income is one of the most underutilized tools in Non-QM mortgage qualification. For borrowers who own investment properties — or are purchasing one — rental income can be added as a qualifying income source alongside their primary income documentation, significantly improving DTI and overall qualification strength.
AMS allows rental income to be layered into multiple Non-QM programs, calculated at 75% of gross rents, consistent with standard industry treatment. This approach provides a realistic, lender-accepted income figure that reflects typical vacancy and expense loads.
How Rental Income Is Calculated
AMS calculates qualifying rental income at 75% of gross scheduled rents. This may be supported by executed leases, market rent appraisals, or both depending on the applicable program.
Eligible Programs for Rental Income
Rental income can be used to supplement qualification across the following AMS programs:
• Bank Statement (12 or 24 months, business or personal)
• Profit & Loss Only
• 1099 Reduced Doc
• Asset Depletion
• Asset Utilization
Who This Program Is For
Rental Income as a qualifying layer is most valuable for:
• Self-employed borrowers who own rental properties and want to count that income alongside bank statement or 1099 income
• Investors with multiple properties who need full rental income recognition to qualify
• Borrowers who are borderline on DTI and have documented rental income that could close the gap
Key Program Highlights
75% of gross rents used for qualification. Compatible with multiple Non-QM income types — not a standalone program. Short-term rental income may be eligible.
Additional guidelines and overlays may apply. Contact your AMS Account Executive for complete program details.