Best mortgage option for a rental property if a primary resident is owned by spouse.Hi, I'm interested in purchasing a property to rent out. I live with my wife in a house that is only in her name. I have 2 girls. my annual income last year was only about $45,000 because I was laid off for about 3 months (July, Aug, Sept). My wife's income was about $55,000. My current income is a base of $48,000 up to $81,000 based on billable hours. My wife's credit score is in the high 700s, mine is in the mid 700s. My wife only owes on the house, I owe $15,000 in credit cards (paying off $5000 this week), $18000 in student loans, $15,000 on a car but it's not mine-owned and being paid off by a third party. Our house loan is $160,000, appraised at $215,000 a few years ago. What can I or we do to purchase a house to rent out? Ideal rental loan value of $50,000 to $80,000, we can budget this in with ease. I think that since our house is only in my wife's name, I may qualify for better opportunities...but I have more revolving debt on record...does using the home as a rental hinder our chances at a loan? What if I housed my brother in it (he's 18 in april)? Looking for ideas to get the best loan and make an investment in real estate. Please let me know what ideas/suggestions you have. email@example.com. Thank you.March 04 2012 - Northglenn00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.