Did you know that Fannie will allow a borrower to buy a home for parents or children who are unable to work. Only 5% down payment required. Post below if you’d like more info.
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Answer: A lender would typically know if the parent could not qualify on their own, if a DU run shows that the income that is earned by the parent is not sufficient to qualify them, and so tax returns may be necessary to make the initial determination (for income calc purposes). If parent is unable […]