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Updated over 2 years ago on . Most recent reply

Daniel Aponte's profile image
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Daniel Aponte
  • from Bronx, NY
  • Member since Sep 7, 2020
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Daniel Aponte's profile image
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Daniel Aponte
  • from Bronx, NY
  • Member since Sep 7, 2020
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Daniel Aponte
  • Bronx, NY
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First-Time Home Buyer

Co borrower for fha

Daniel Aponte
  • Bronx, NY
Posted

Hi I'm thinking about looking into triplex or duplex. I'm looking to try applying for fha loan. The part I'm curious about is can I apply for multifamily for fha loan with co borrower/signer?

Thank you in advance

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied

Yup, but the down payment with a non-occupant coborrower shoots up to 20%+, so there's no longer any point in going FHA (3.5% down), so no one does it.

  • Chris Mason
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