FHA – Family Member Seller as Non-Occupant Borrower: If a father is selling to his daughter and he also needs to be a co-borrower, can she get maximum financing? – Chart – Non-Occupant Co-Borrower Guidelines – All Agencies

Answer: The family member seller can be a non-occupant co-borrower, but the LTV will be limited to 75%.  See the applicable guidelines below. Reference: 4000.1  II.A.2.b.ii (B) LTV Limitations Based on Non-Occupying Borrower Status (1) Definition: A Non-Occupying Borrower Transaction refers to a transaction involving two or more Borrowers in which one or more of the Borrower(s) will not […]

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