Fannie Mae will allow exclusion of a co-signed debt but FHA will only allow this if the debt was a joint account. Contact me for details.

Fannie Mae-FHA-Co-Signed Car Loan:  If a borrower co-signed a loan for someone and we have proof that this person made the payments, can we exclude the debt? Answer: See text from Fannie Mae selling guide below.  As long as the payments have been made on time and you have 12 consecutive months’ worth, you should […]

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