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I need a Mortgage Lender for in PA. who will allow a non-occupant co-borrower with Excredit

Profile picture for flyboyovertherainbow
Looking for a mortgage company who will do a purchase loan with non-occupant co-borrower. Co-borrower has excellent credit above 800. Loan is for home in PA.
Anyone know anyone? thanks!
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April 06 2010 - Elizabethtown
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Answers (3)

Profile picture for Rich Stone
We can lend on this scenario as long as the occupant needs the co-signer due to lack of credit or income. We understand that obviously if the occupant was strong they wouldn't need a co-signer.
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April 09 2010
Profile picture for Henry Warren
FHA will allow for a non-occupant borrower however the occupant borrower needs to be very strong and able to support the loan.

Depending on how much you are putting down might give you other options.
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April 07 2010
Profile picture for Bob Lowery
Most lenders that do FHA loans permit non-occupant co-borrowers, however, you will still need an acceptable credit score and tradelines.

How does your score and credit look?  What is the reason for the non-occupant co-borrower?
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April 06 2010
 

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