Updated almost 3 years ago on . Most recent reply
Can we qualify for a loan ?
little scenario.
I live out of state and would like to buy a duplex in Milwaukee, but I don't have the 20% down payment (I have 10% for my price point).
I found a potential partner that lives in Milwaukee, and wants to invest, but doesn't have money.
I suggested we buy the property together, I come up with the down payment(3.5 to 5%), and she lives in one unit and gets a renter to rent the other unit.
Is it possible to qualify for the loan together to buy the property as a primary residence even though only one of us will be living in it?