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  • Writer's picturePineyro Capital Group #420112

Understanding FHA Guidelines: Can Non-Occupying Co-Borrowers Be Included in the Loan?


At Pineyro Capital Group Inc., NMLS# 420112, we strive to provide clarity and insight into the world of mortgage lending, particularly when it comes to FHA loans. Today, we shed light on a common query: Does the Federal Housing Administration (FHA) allow non-occupying co-borrowers? Let's delve into this topic to offer you a comprehensive understanding.

FHA loans are renowned for their accessibility and flexibility, catering to a wide range of homebuyers, including those with lower credit scores or minimal down payment capabilities. One feature that often garners attention is the option to include co-borrowers on the loan application, even if they won't be residing in the property.

So, the answer to the question is a resounding yes! FHA indeed permits non-occupying co-borrowers to be part of the loan arrangement. However, there are specific guidelines and requirements that must be met to ensure compliance and eligibility.

Here's what you need to know:

1. Relationship Requirement: FHA stipulates that non-occupying co-borrowers must have a familial relationship with the primary borrower. This typically includes parents, grandparents, siblings, aunts, uncles, or children. In some cases, FHA may allow non-relatives, but stringent conditions apply.

2. Income and Credit Criteria: Non-occupying co-borrowers are included in the loan application to bolster the primary borrower's qualifications, particularly in terms of income and creditworthiness. Their income and credit history are considered alongside the primary borrower's to determine loan approval and terms.

3. Financial Responsibility: It's essential to understand that non-occupying co-borrowers share equal responsibility for the mortgage obligation. This means they are liable for repayment if the primary borrower defaults on the loan. As such, FHA requires thorough financial documentation from all co-borrowers to assess their ability to contribute to the loan.

4. Occupancy Requirements: While non-occupying co-borrowers aren't required to live in the property, FHA mandates that the primary borrower must occupy the home as their primary residence within 60 days of closing. This rule ensures that FHA loans serve their intended purpose of facilitating homeownership for individuals and families.

5. Loan Limits and Terms: FHA imposes loan limits that vary by location, and these limits apply regardless of the number of borrowers on the loan. Additionally, the terms and conditions of the loan, including interest rates and mortgage insurance premiums, are determined based on the collective qualifications of all borrowers.

By understanding these key points, you can navigate the process of including non-occupying co-borrowers in your FHA loan application more confidently. However, it's crucial to work with experienced mortgage professionals, like Pineyro Capital Group Inc., NMLS# 420112, who specialize in FHA lending and can guide you through the intricacies of the process.

At Pineyro Capital Group Inc., we're dedicated to helping individuals and families in Florida achieve their homeownership dreams through personalized mortgage solutions. With our expertise and commitment to customer satisfaction, we'll assist you every step of the way, from pre-qualification to closing and beyond.

In conclusion, FHA loans offer a valuable opportunity for homebuyers to enlist the support of non-occupying co-borrowers to strengthen their loan application. By adhering to FHA guidelines and working with trusted professionals, you can maximize your chances of securing an FHA loan that suits your needs and circumstances.

If you're considering an FHA loan or have any questions about including non-occupying co-borrowers, don't hesitate to reach out to Pineyro Capital Group Inc. Our team is here to provide the guidance and assistance you need to make informed decisions about your mortgage options.


Partnering with Pineyro Capital Group Inc. for all your mortgage needs

Pineyro Capital Group NMLS# 420112 offers VA mortgage loans in Florida with a 500 credit score

At Pineyro Capital Group Inc., NMLS# 420112, we take pride in assisting home buyers in achieving their homeownership goals through full doc, stated and lite doc mortgage loans. With over $5 billion in originations and a commitment to excellence, we're dedicated to providing personalized service, competitive rates, and streamlined loan processes tailored to your needs. Contact us today to learn more about qualifying for a stated income mortgage loan in Florida and take the first step towards homeownership with confidence.

Disclaimer: Pineyro Capital Group Inc., NMLS# 420112, is an equal housing lender. All loan programs are subject to credit approval and property appraisal. Terms and conditions may vary.


Pineyro Capital Group Inc | Your Path to Success

At Pineyro Capital Group Inc., we're more than just mortgage lenders – we're your partners in achieving the dream of homeownership. With over two decades of experience serving the Florida real estate market, our team is committed to providing personalized guidance and expert advice every step of the way. Whether you're a first-time buyer exploring your options or a real estate agent seeking to support your clients, we're here to help you unlock the door to homeownership.

Contact us today to learn more about all our Florida mortgage options and how we can help you turn your homeownership dreams into reality. With Pineyro Capital Group Inc. by your side, the journey to homeownership has never been more attainable.

PCG NMLS# 420112 offers every loan program in Florida to purchase or refinance real estate

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Are you ready to embark on a transformative journey as a dual-licensed real estate agent and mortgage loan originator? Join Pineyro Capital Group Inc. and become part of a dynamic team dedicated to excellence and innovation. Together, we will navigate the intricacies of dual licensing and harness its full potential to achieve unparalleled success. Contact us today to explore exciting career opportunities and take the first step towards a brighter future with Pineyro Capital Group Inc. 


With Pineyro Capital Group Inc., the possibilities are limitless. 




Pineyro Capital Group Inc originates loans in Florida for residential and commercial transactions under NMLS# 420112

In wrapping up, Pineyro Capital Group Inc. (PCG) emerges as a trusted cornerstone in the lending landscape, firmly rooted in the heart of Florida. Since our inception in 1998, we've been dedicated to serving our community with integrity and proficiency. Our seasoned team, boasting over 50 years of combined experience, consistently achieves an impressive 98% success rate from loan approval to closing, a testament to our unwavering commitment to our clients' satisfaction.


At PCG, we pride ourselves on our versatility and comprehensive approach to lending. Whether it's a residential or commercial endeavor, we offer an extensive array of loan options tailored to suit every need. From government-backed programs like FHA, FNMA, VA, and USDA to innovative solutions in non-QM lending, we cover the full spectrum of financial possibilities. Our offerings span from traditional purchases and refinances to specialized products like reverse mortgages, bank statement loans, fix and flip financing, and ground-up construction projects, among others.


We understand that each financial situation is unique, which is why we prioritize personalized service and customized solutions. Our dedication to excellence extends beyond mere transactions; it's about forging lasting relationships built on trust and reliability. Whether you're a first-time homebuyer, a seasoned investor, or a business owner seeking funding, PCG is here to guide you every step of the way.


Don't hesitate to reach out to us via the provided link here or call toll-free 1 (833) 247-5626. Let us be your partner on the path to financial success, empowering you to achieve your goals with confidence and peace of mind. With Pineyro Capital Group Inc., your financial future is in capable hands.


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