Zillow Advice: FHA and VA Loans - FHA loan on a ranch. 2 buyers (1 occupant) ok credit, got the $ for dwnpmnt lender stalling.HELP http://www.zillow.com/advice-thread/FHA-loan-on-a-ranch-2-buyers-1-occupant-ok-credit-got-the-for-dwnpmnt-lender-stalling-HELP/391413/ Zillow Advice | Zillow Real Estate You could also likely be ... http://www.zillow.com/advice-thread/FHA-loan-on-a-ranch-2-buyers-1-occupant-ok-credit-got-the-for-dwnpmnt-lender-stalling-HELP/391413/ You could also likely be having a problem proving that the income for the borrower may not continue for 3 yrs. <br/><br/>I have seen this with civilian contractors overseas. Sun, 20 Mar 2011 01:32:00 GMT http://www.zillow.com/advice-thread/FHA-loan-on-a-ranch-2-buyers-1-occupant-ok-credit-got-the-for-dwnpmnt-lender-stalling-HELP/391413/ 2011-03-20T01:32:00Z FHA loans are indeed for ... http://www.zillow.com/advice-thread/FHA-loan-on-a-ranch-2-buyers-1-occupant-ok-credit-got-the-for-dwnpmnt-lender-stalling-HELP/391413/ FHA loans are indeed for the primary residence of the borrowers.&nbsp; Perhaps the wife needs to be on the loan. <br/><br/>In addition, I wasn't aware that one could get FHA loans on agricultural land larger than 10 acres.&nbsp; Perhaps that is contributing to the delay.<br/><br/>Perhaps you need to look at conventional loans, not FHA.<br/><br/> Sun, 20 Mar 2011 00:48:00 GMT http://www.zillow.com/advice-thread/FHA-loan-on-a-ranch-2-buyers-1-occupant-ok-credit-got-the-for-dwnpmnt-lender-stalling-HELP/391413/ 2011-03-20T00:48:00Z By owner I assume you mean ... http://www.zillow.com/advice-thread/FHA-loan-on-a-ranch-2-buyers-1-occupant-ok-credit-got-the-for-dwnpmnt-lender-stalling-HELP/391413/ By owner I assume you mean prospective buyer.<br/><br/>It sounds like he is the non-occupying c/b. Wife, etc aren't relevant as they aren't on the loan.<br/><br/>the friend living in the home is the occupying borrower.<br/><br/>The blood relationship thing only applies to maximum financing. Put 25% down and you'll be fine.<br/><br/>btw: blood relationship INCLUDES; documented, long standing and substantial &nbsp;relationship not arising out of the transaction. (i.e long time friend) &nbsp; Sun, 20 Mar 2011 00:31:00 GMT http://www.zillow.com/advice-thread/FHA-loan-on-a-ranch-2-buyers-1-occupant-ok-credit-got-the-for-dwnpmnt-lender-stalling-HELP/391413/ 2011-03-20T00:31:00Z Sorry, it doesn't sound like ... http://www.zillow.com/advice-thread/FHA-loan-on-a-ranch-2-buyers-1-occupant-ok-credit-got-the-for-dwnpmnt-lender-stalling-HELP/391413/ Sorry, it doesn't sound like your Loan Officer packaged your loan properly.&nbsp; They should have provided a good cover letter explaining the arrangement to the underwriter.&nbsp; I think the underwriter probably said that a non-occupying co-borrower needs to be a relative.&nbsp; In your case, they are an occupying co-borrower.&nbsp; You may want to provide them with some proof of residency of the permanent employee, like any utility bills in his name for the subject property.&nbsp; I assume his bank statements, pay stubs, tax returns, etc... all indicate the subject property.&nbsp; That information may help the underwriter decide in your favor.&nbsp; I hope this bit helps.&nbsp; If you need anything further, then please don't hesitate to ask.&nbsp; I hope it works out. Sat, 19 Mar 2011 23:58:00 GMT http://www.zillow.com/advice-thread/FHA-loan-on-a-ranch-2-buyers-1-occupant-ok-credit-got-the-for-dwnpmnt-lender-stalling-HELP/391413/ 2011-03-19T23:58:00Z