Wednesday, July 29, 2009

FHA Non Occupant Co-Borrowers

Another huge advantage to the FHA product is that co-borrowers do not need to occupy the property and while typically the primary borrower needs a minimum 60% DTI before consideration is given to the co-borrower, FHA does not. The overall qualifying ratio is what matters. This really give FHA a huge advantage in typical co-borrower scenarios.

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