Does any one have experience working owner occupant offers with a parent as a co-owner paying cash?

Son would be primary resident.  Dad would be paying cash.

I’ll check with the listing agent to see if they know but I know our team is smarter than the average HUD listing agent.

A: For FHA loans, HUD would allow a non-owner occupant co-signer on the loan.  If both are going to be on title, I wouldn’t think they’d have an issue with it.  Does Dad have to be on the PA or could he just record a mortgage against the property?


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This Article Appears Courtesy of Steven Diadoo

Steven Diadoo, Licensed Realtor in MN with BRIDGE REALTY and best-selling author of 'Road to Success' with Jack Canfield (Chicken Soup for the Soul), Board Member at Bowling for Brains Non-Profit 501(c)3 (Event to benefit the American Brain Tumor Association), licensed Realtor with Bridge Realty, Seen on DIY TV, Create Channel and PBS. For help buying and/or selling a house, please call (952) 270-6141 or Click here.

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