Updated: Apr 1, 2019
It can seem like a challenge in today’s market to qualify for a new loan to purchase the home of your
dreams. Especially as home values continue to rise making that special home feel out of reach.
However, there is good news. There are several loan programs available that will allow income from a
non occupant co borrower, which would allow you to qualify for a larger loan.
What does this mean?
A non occupant co borrower (or co signer) is a borrower who goes on the loan but does not occupy the
subject property as a primary residence.
While this can be an effective way to qualify for a larger or more expensive home, each loan program has different guidelines regarding co signers. Which is why it’s important to know the ins and outs of using a non occupant co borrower’s income when qualifying for a
new home loan.
Please give us a call to discuss the specifics of your situation to determine whether adding a non
occupant co borrower