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cervera01
169 Posts |
 Posted - 05/12/2008 : 10:28:44 AM
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Hi Everyone,
I have a client who is helping his sister purchase a home. They are actually planning on purchasing two homes. The first one he will be a non-occupant co-borrower to help his sister qualify. The second one will be with his wife. My question is: I know FHA will only allow one FHA loan per borrower. Is he disqualified from going FHA with his wife if he is a non-occupant co-borrower with his sister?
Thanks in advance |
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dkendall1979
10294 Posts |
Posted - 05/12/2008 : 10:30:32 AM
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| No, he's not disqualified, but you will have to weigh the payment obligation of both properties towards his obligation. |
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cervera01
169 Posts |
Posted - 05/12/2008 : 10:32:25 AM
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| awesome thank you!!!! |
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