http://blogtherockies.com/2008/09/11/rates-drop-but-who-can-get-approved/ Boulder Colorado Real Estate Sun, 27 Nov 2011 05:59:03 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://blogtherockies.com/2008/09/11/rates-drop-but-who-can-get-approved/comment-page-1/#comment-7371 advenedge Sat, 09 Jan 2010 00:58:11 +0000 http://blogtherockies.com/2008/09/11/rates-drop-but-who-can-get-approved/#comment-7371 Bookmarked this. Sometimes non-standard due to you after sharing. Undoubtedly value my time. Bookmarked this. Sometimes non-standard due to you after sharing. Undoubtedly value my time.

]]> http://blogtherockies.com/2008/09/11/rates-drop-but-who-can-get-approved/comment-page-1/#comment-152 Kevin Kueneke Fri, 12 Sep 2008 15:36:17 +0000 http://blogtherockies.com/2008/09/11/rates-drop-but-who-can-get-approved/#comment-152 Brody - as a 1099 independent contractor I feel your pain. However, FHA does have a little niche: they allow a non-occupant family member to go on the loan and basically carry the load. Income and debt from all parties are used to qualify, but the occupying borrower is not required to have any income or assets of their own. Very popular for parents buying their kids a place while in college (hence the nickname kiddie condos) or for adult children buying their parents a retirement home. As soon as your income is high enough to qualify (or when/if stated loans come back), you refinance the loan into your name releasing the family member. Also, you still get market rates. Drop me a line if you want to discuss this further. Brody – as a 1099 independent contractor I feel your pain. However, FHA does have a little niche: they allow a non-occupant family member to go on the loan and basically carry the load. Income and debt from all parties are used to qualify, but the occupying borrower is not required to have any income or assets of their own. Very popular for parents buying their kids a place while in college (hence the nickname kiddie condos) or for adult children buying their parents a retirement home. As soon as your income is high enough to qualify (or when/if stated loans come back), you refinance the loan into your name releasing the family member. Also, you still get market rates. Drop me a line if you want to discuss this further.

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