Zillow Advice: Home Buying - Buying a 2nd home as primary - complicated situation http://www.zillow.com/advice-thread/Buying-a-2nd-home-as-primary-complicated-situation/468745/ Zillow Advice | Zillow Real Estate With your current house being ... http://www.zillow.com/advice-thread/Buying-a-2nd-home-as-primary-complicated-situation/468745/ With your current house being a conventional and from the additional information you have put forth I believe it may be possible.<br/><br/>Problems you may run into -<br/><br/>Whether or not you can even use the rental income to qualify. Do you have a signed lease? Have you been or are you currently a landlord on other properties? How many months reserve do you have for not only the new property, but the rental?<br/><br/>Whether or not the rental income is seasoned - proof of 6 months rent checks.<br/><br/>Only 75% of the rental income is usually used $1700 = $1275<br/><br/>Of course if you can cover the current house and the new house payment and still be within the debt ratios and your credit is decent non of the above would be a factor.<br/><br/>Good Luck! Sat, 17 Nov 2012 11:37:00 GMT http://www.zillow.com/advice-thread/Buying-a-2nd-home-as-primary-complicated-situation/468745/ 2012-11-17T11:37:00Z