A Great NICHE ADVANTAGE of a FHA mortgage is the ability to add a non occupying co-borrower.
Examples:
This is typically done when the primary borrower does not earn enough to qualify for a loan by his/her self. This is great for parent buying condo or houses for kids in college.
Or a young couple just starting out and want to take advantage or the GREAT real estate deals out there but are going to need to help to BUY UP.
Another example that is happening RIGHT now is FAMILY members helping out young couples who have been REBUILDING their credit due to economic conditions , divorce, or illness.
Read below I hope this can help you close your next transaction. PLEASE Let me know your thoughts and feedback on any examples on how a FHA loan helped you save or close a deal. I am building a website just for this.
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