Posted by JohnBoy on January 10, 2001 at 19:23:16:
You can build your tenant a credit rating to get him qualified by getting his payment history from the utility companies. Get his payment history from the electric, gas and phone company along with verification of his rent payments being made on time. That should get him qualified for a mortgage. Make sure he digs up all his canceled checks on the rent payments made. If he’s missing any then get his bank statements to verify the rent amount being drawn from his account.
As for getting him with a good mortgage broker, Ed is your man!!!