Can we use a non occupant co borrower?

Yes and if you give me a quick call, I will help you explore your options.Rich4257733100

it certainly is! call me 360.250.3400

More info needed, but the short answer is that non occupant co borrowers are allowed.. however, having a strong co-borrower does not help if you have bad credit. One of the key factors in loan approvals are credit scores. Loan guidelines require us to run all 3 major bureaus on all borrowers.. loan eligibility is based on the LOWEST mid score of ALL borrowers.. so if you mom and dad both have 780 credit scores, and you have a 600, then the loan and eligibility will be based on 600... co borrowers do not help if you have bad credit,, it only helps if you have limited income or no credit.. if your credit score is too low to qualify for eligibility, then your parents can purchase the home as an investment, then rent it to you.. once you fix your credit, you can always buy the home from your dad.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

You may be able to use a non-occupant co borrower although your credit would still need to qualify. Speak to a local mortgage broker for more information.