Non-Occupant Co-Borrower
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.
What it is
A non-occupant co-borrower helps you qualify without living in the home. Often a parent, they add their income to your application.
Their credit and debt count too.
Why it helps
A non-occupant co-borrower can boost your buying power when your own income falls short. It is common with FHA loans.
We know how to structure these files. Reach out and we will see if a co-borrower helps you qualify.
Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.