If you are an authorized user on a credit card, and you do not pay that account or don’t want that account to affect your homebuying process, FHA will require you to show that the primary account holder paid for the last 12 months in order to disregard the debt.

Related Article Title:  FHA – Authorized Used Obligation:  Am I required to count debt if my applicant is an authorized user but is not responsible for the payment of the account? Answer: FHA requires that payments made by the primary account holder be documented for the last 12 months to disregard the monthly debt.  A […]

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