Answer: FHA will allow a non-occupying co-borrower for multi-unit properties; however, there are down payment restrictions. Contact me for details. 75% LTV maximum is allowed when a non-occupant co-borrower transaction involves a 2-4 unit property. Reference: 4000.1, II, A, 2, b, ii (B) LTV Limitations Based on Non-Occupying Borrower Status (1) Definition: A Non-Occupying Borrower […]

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