Reason #3 FHA ALLOWS NON-OCCUPANT CO-SIGNERS.
Your buyer can use a relatives income in conjunction with their own income in order to qualify.
The co-applicant does not have to occupy the property.
This becomes especially important as the availability of no income verification loans have been greatly reduced. In fact, Fed Chairmen Ben Bernanke has put forth a proposal to eliminate all no income verification loans. (This proposal is still in the discussion phase and has not yet been approved.)
You may be turning away potential clients if you refer them to mortgage companies that do not offer FHA or are not experts in it. Put my 22 years of FHA expertise to work for you.
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