Tag: non-occupant co-borrower

Calculating Family Business Income in a Buyout

Question: A mother and daughter owned a company at 50/50 for years.  Earlier this year, the mother retired and sold her portion of the business to her daughter (the other 50%).  The daughter’s obligation is to pay the mother $1,000/month for 15 years and we do have a note for this.  I’m wondering if I […]

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Non-Occupant Co-Borrower – HomeReady® or HomePossible®

Question: Will HomeReady® or HomePossible® allow a non-occupant co-borrower? MC – Non-Occupant Co-Borrower Chart – All Agencies & Non-Occupant Co-Borrower Lunch & Learn Answer: Both products allow for non-occupant co-borrowers. Please review these two fact sheets that we have included in our supporting resources below. There are separate ones for each program. Mortgage Currentcy also […]

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