You could have an extra FHA Mortgage While a great Co-Borrower to your a keen FHA Financing

Regardless of the picked roadway, the fresh new borrower need to qualify for each other mortgages to qualify for the fresh brand new FHA financing. This remains real except if they enjoys no less than twenty five% guarantee inside their basic home and you may a rental contract. You ought to book your property for folks who trust 75% of the leasing money to qualify for a different sort of FHA financial. Continue reading