under writer questions.....

[John Gach]

So I was talking to someone who works in finance for a realtor company. I was talking to him about how to try to obtain this MFH home, I told him my girlfriend seems to be ok with us refinancing our house in just her name, which would allow me to get an FHA loan on the MFH i'm trying to qualify for, he said he wouldn't be able to do that to his underwriter?

I'm not sure why he said that and why it would be a problem, I would legit live in the property which I believe I would need to for just 1 year and then I can technically move wherever after?

[Chris Mason]

Originally posted by @John Gach:

Originally posted by @Matt Turbitt:

some will, some won't, it may be because during underwriting they are going to look into where you are living and if you own or rent, they will see that you just came off the loan and it won't pass a sniff test and they will want to count your current mortgage debt against you even though you aren't on it anymore.

 That's interesting.

So if I went to 2 different lenders in order to refinance my current house, and then go get the new mortgage on the MFH, would that more likely pass the test?

 I think you will be fine. GF refinanced to take you off the loan, you consented, and now you're buying a house for yourself. People break up all the time. Unlike most married couples divorcing, you just managed to do it without trashing anyone's credit, heh.