Low Down Payment Home Ownership Options

[Timothy Douglas]

Hi guys,

If there are two people on the loan for the FHA loan, or Conventional 97 loan, do they both have to live in the property, or does only one of them have to live in the property for the loan to go through? A scenario would be Two people buying a home in Texas, both of them being on the same loan. One works and lives in New York, but the other stays in the home in Texas. Could this work out?