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Non-resident Co-Borrower?

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Guest	Posted: Thu Oct 08, 2009 7:47 pm    Post subject: Non-resident Co-Borrower? Like 0 Dislike 0 Does this still exist through FHA? I am hearing mixed answers to this question.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Thu Oct 08, 2009 9:39 pm    Post subject: Like 0 Dislike 0 I think the co-borrower needs to be resident
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Thu Oct 08, 2009 11:26 pm    Post subject: Like 0 Dislike 0 Hi Guest, As far as I know, FHA does allow non-resident co-borrowers on home loans. It is not necessary for the co-borrower to occupy the property. However, a primary borrower must use the property as his or her primary residence in order to qualify for an FHA loan.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Fri Oct 09, 2009 3:34 pm    Post subject: Like 0 Dislike 0 Thank you for correcting jenkin7
leeelliot61 Joined: 13 Sep 2009 Posts: 188 0.01 Dollars($)	Posted: Fri Oct 09, 2009 9:58 pm    Post subject: Like 0 Dislike 0 Yes jenkin. This condition is applicable for Primary borroer only. he has to make house his primary resident

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