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Adding non-occupant co-borrower to mortgage to qualify
Mortgage loan applicants with high debt to income ratios or little to no income can add a non-occupant co-borrower to qualify for a mortgage loan under FHA mortgage lending guidelines. The non-occupant co-borrower needs to be related to the mortgage loan borrower by blood, law, or marriage. Parents, grand parents, children, step parents, step grand parents, children, step children, all qualify to become non-occupant co-borrowers,

Fannie Mae does not allow non-occupant co-borrowers. USDA loan programs do not allow non-occupant co-borrowers. VA Loans do not permit non-occupant co-borrowers. Freddie Mac does allow non-occupant co-borrowers. To have a non-occupant co-borrower on a conventional loan program, you need to submit your mortgage application package as a Freddie Mac mortgage loan to a Freddie Mac mortgage lender.

Attached is an article on adding a non-occupant co-borrower to qualify for a mortgage loan.


Attached is another article on adding a non-occupant co-borrower to a mortgage loan borrower to qualify for a FHA insured mortgage loan.



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