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j_mahaska

309 Posts

Posted - 07/08/2008 :  12:26:17 PM
I looked at some previous threads about this. However, I want to make sure. On an FHA loan the LTV is restricted to 85% cashout if you have a non-occupying coborrower right?
j_mahaska

309 Posts

Posted - 07/08/2008 :  12:42:16 PM
quote:
Originally posted by j_mahaska

I looked at some previous threads about this. However, I want to make sure. On an FHA loan the LTV is restricted to 85% cashout if you have a non-occupying coborrower right?



Really? Thanks
dkendall1979

10261 Posts

Posted - 07/08/2008 :  12:45:49 PM
Yes, that's correct. With nonocc coborrower - max = 85% cash out.
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