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Is the 216 form required if the borrower is being qualified with no rental income?

April 26, 2017borrower form income qualified rental

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Is the 216 form required if the borrower is being qualified with no rental income?

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No. A 216 would not be required. However, the proper appraisal form must be utilized and address all issues relating to the marketability of the rental units inclusive of a rental comparison analysis.