Does FHA allow for a nonoccupant coborrower to obtain their own FHA mortgage?
Updated: 01/16/2019
Article #: 158
| 4000.1:II.A.1.b A non-occupying co-Borrower on an existing FHA-insured Mortgage may qualify for an FHA-insured Mortgage on a new Property to be their own Principal Residence. |
| This only works one way – FHA doesn’t allow a borrower who already has a FHA mortgage to be a non-occupying co-borrower on another FHA mortgage. They can only obtain another FHA mortgage if they are currently a non-occupant coborrower on an existing FHA mortgage and want to obtain FHA financing for their primary residence. |
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