If a borrower has 12 months’ evidence that someone else is paying a debt they are obligated on, we do not need to count that against them for FHA, VA, Conventional or USDA!

Related Article Title: VA- Co-Signor Obligation: My veteran client co-signed for both siblings on 2 separate cars.  One I can prove 12 months paid by another and the other is only 10 months.  Help!  [Debts Paid by Others Chart] Answer: VA doesn’t have a ’12-month rule’ like FHA and Fannie/Freddie when it comes to contingent […]

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