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FHA Non-Occupant Co-Borrower loans - Also known as Kiddie Condo loans
 
 
FHA Loans – FHA Mortgages
Non Occupanying Co-Borrower loans - Kiddie Condo loans
 
 

 
FHA loans have many features that still aren't talked about as much as one would think, because they are still fairly new to more than have of the loan originators out there. Now, some might argue half is very extreme, even though this is my opinion, I will still stick to this statement for many reasons.
As a loan officer with more than 17 years of mortgage experience, the non-occupant co-borrower program is very simple to understand.
FHA will allow a co-signer that is not living in the house to actually be on the mortgage and co-sign for the loan. Keep one important thing in mind, they must be a family member/relative. And this can be great for first time homebuyers. One thing that so many get confused no matter what type of loan they are applying for is that a co-signer with good credit can't overcome the bad credit of the primary borrower. Meaning that the co-signer with good credit can't get you a better priced loan. If the primary borrower still has lower credit scores that don't qualify, then ... more

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