When Airbnb launched in 2008, lenders did not know how to wrap their head around this new and unconventional form of rental income. Ten years later, little has changed and most lenders STILL do not allow borrowers to use Airbnb rental income as qualifying income.
We refused to accept this and worked with one of our in house investors to update their guidelines to approve the use of this income. Not only can we finance this type of loan but can maintain control as all aspects of the transaction as everything is completed under the mortgage capital partners umbrella.
If you have a client who has had difficulty qualifying because of this, contact us immediately. We have a solution for you!