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Updated over 6 years ago,

User Stats

3
Posts
0
Votes
Ameer Savage
  • Bronx, NY
0
Votes |
3
Posts

Coborrowing for a FHA loan

Ameer Savage
  • Bronx, NY
Posted

Hi,

Looking to make my first purchase soon. 

I probably would not qualify for a FHA loan (overqualified), but my mother could very well be a candidate for an FHA loan. However, id be the one handling the financial responsibilities (funding the deposit and repairs, paying the mortgage, etc) as well as managing the property.

In this case, do you think we'd be able to coborrow or cosign with only one of us meeting the criteria for a FHA loan?

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