First deal with FHA loan with a partner

First deal with FHA loan with a partner

Colby FullerPro Member
Rental Property Investor · Anchorage · Member since 2016 · 28 posts · 30 votes
Hey BP community, so I’m thinking about doing my first multi family (quad-plex)property deal Using a FHA loan and possibly going in with a partner splitting all the costs. Can there be a co-borrower on an FHA loan? Has anyone done this? Thanks!
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  • Lender · Rochester, NY · Member since 2014 · 3k+ posts · 1k+ votes
    8y

    @Colby Fuller With FHA the only time there can be a non-occupying co-borrower is if it is your parent. Any other co-borrower would have to occupy the property as well.

  • Colby FullerPro Member
    OP
    Rental Property Investor · Anchorage · Member since 2016 · 28 posts · 30 votes
    8y
    Thanks Jerry Padilla , good to know! Thanks so much for the info.
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