Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on . Most recent reply
Weirdest thing I have heard
HELLO BP!
My girlfriend Kay (her mom is cosigning instead of her) and I are supposed to be a few days away from closing and the mortgage lender comes and says this. Because her mother is not blood related with me, either Kay and I need to come up with 25% of the sale price or Kay and I need to get legally married. I have never heard of this and it seems absurd to me. Can someone please weigh in on this?
Most Popular Reply
#3 Creative Real Estate Financing Contributor
- Lender
- Dallas, TX
- 1,044
- Votes |
- 1,565
- Posts
#3 Creative Real Estate Financing Contributor
- Lender
- Dallas, TX
Quote from @Zachary Stein:
HELLO BP!
My girlfriend Kay (her mom is cosigning instead of her) and I are supposed to be a few days away from closing and the mortgage lender comes and says this. Because her mother is not blood related with me, either Kay and I need to come up with 25% of the sale price or Kay and I need to get legally married. I have never heard of this and it seems absurd to me. Can someone please weigh in on this?
@Zachary Stein What type of loan are you applying for? Sounds like maybe an FHA loan trying to buy a multi-family is that correct?
- Jay Hurst
