Mortgage Glossary
Non-Occupant Co-Borrower
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A non-occupant co-borrower is someone who joins the loan to help qualify but won't live in the home.
What Non-Occupant Co-Borrower means
Their income and credit support the application, common when a relative helps a buyer. FHA and conventional programs allow it under specific rules.
Florida example
A Florida parent acts as a non-occupant co-borrower so their child can qualify for a first home. The parent's income boosts the DTI, even though only the child will live there.
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