FHA question

Author

Previous Topic | Next Topic

mganovsky

2074 Posts

Posted - 05/14/2008 : 12:07:54 PM

Hope this is not a silly question, but can I have 4 family members on an FHA loan, I have never run into more than 2 at a time. They will be in my offfice at 4 today, and I will pull credit and look at income. On the phone they said they all want to be on the loan.

MoneyLenderP

1617 Posts

Posted - 05/14/2008 : 12:09:32 PM

Yeah you can.

Carpet Muncher

1385 Posts

Posted - 05/14/2008 : 12:10:12 PM

Yes

mganovsky

2074 Posts

Posted - 05/14/2008 : 12:33:10 PM

Thanks, how do I set up the file. Iknow the husband and wife would be borrower and co, do I load the other 2 as co-mortgagors; or list 3 as co-borrowers

mganovsky

2074 Posts

Posted - 05/14/2008 : 12:36:48 PM

scratch that last question; just looked at encompass and any thing other than borrower and co-borrower has to be co-mortgagor. thanks again

rhelali

200 Posts

Posted - 05/14/2008 : 12:37:39 PM

i don't see why not

mortgagegirl1010

203 Posts

Posted - 05/14/2008 : 1:18:58 PM

Yes you can. I have one with 3 right now