Coborrowing for a FHA loan
Hi,
Looking to make my first purchase soon.
I probably would not qualify for a FHA loan (overqualified), but my mother could very well be a candidate for an FHA loan. However, id be the one handling the financial responsibilities (funding the deposit and repairs, paying the mortgage, etc) as well as managing the property.
In this case, do you think we'd be able to coborrow or cosign with only one of us meeting the criteria for a FHA loan?