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Qualifications of a FHA Non-Occupant Borrower

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bobcat34288 Joined: 10 Mar 2010 Posts: 1 1.31 Dollars($)	Posted: Wed Mar 10, 2010 7:51 pm    Post subject: Qualifications of a FHA Non-Occupant Borrower Like 0 Dislike 0 I am told I have 700+ credit, but a credit thin file. I have a credit card as my only credit account, and live with my parents. I have a cell phone and car insurance as my only other sources of monthly payments. Can my dad co-sign? I am taking it for granted that he would have qualifying credit as he does own his own home and has an auto loan and some credit card debt. My lender suggested I rent for a year, but I found a home close to my brother's and I want it now!
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Wed Mar 10, 2010 10:06 pm    Post subject: Like 0 Dislike 0 Hi bobcat! Welcome to forums! If your father meets the required criteria of the lender, then you can ask him to cosign for your mortgage. Depending upon his credit file, you would be able to get a mortgage to buy a new property. Feel free to ask if you've further queries. Sussane

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