Can a First-Time Homebuyer Use a Non-Occupant Co-Borrower?

Answer: Yes. Eligible first-time homebuyers may qualify with a related non-occupant co-borrower, provided all borrowers meet applicable credit and underwriting requirements. This option may help strengthen a loan application when additional qualifying income is...

When Can I Use ADU Income to Qualify a Borrower?

Answer: It depends on the property and the loan scenario. Accessory Dwelling Unit (ADU) income or property features may be considered on eligible transactions when supported by the appraisal and applicable program guidelines. If your borrower owns or is purchasing a...