If a non-occupying co-borrower is a cousin, are they considered a family member for an FHA loan?

Answer: Unfortunately, a cousin is not considered a “family member” per the FHA definition. That said, the cousin can be a non-occupying co-borrower, but the LTV will be limited to 75%. Please see the full guidelines below regarding non-occupying co-borrower transactions and the definition of a family member. Reference: 4000.1 II. A. 2. b. ii […]

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If a non-occupying co-borrower is a cousin, are they considered a family member for an FHA loan?

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