I am trying to get a loan modification on my FHA mortgage. At the suggestion of my mortgage broker my mother co-signed on the loan with me. She has never lived in the residence and does not contribute to the financials. Will her income be taken into account when reviewing my mortgage for modification approval?
Chris Burns (chrisburns)
#34 ranked lender in Florida - 9 contributions
As long as she does not live with you, you should be able to just provide a detailed hardship letter explaining this fact and then her income would not be included as your household income.
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