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What is short-term rental income for a mortgage?
Short-term rental income is income earned by renting a property for short stays, typically nightly or weekly, such as vacation rentals listed on Airbnb or VRBO. In investment-property lending, it may be used to qualify a loan, with documentation and calculation methods that vary by program.
STR income doesn't come with a lease, and it moves with seasons and occupancy, so lenders need another way to establish a reliable figure. Depending on the program, that might be the property's booking history, platform statements or a third-party market data report such as AirDNA.
For brokers, the documentation source is the question to ask up front: an existing STR with history and a new purchase planned as an STR are often treated differently.
The formula
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