[Logo: Federal Housing Administration] [Federal Housing Administration]
FHA Home | Events | Wikipedia | Site Map | Espanol
About FHA | Contact Us | Comments | A-Z Index

  

1-800-CALL-FHA (225-5342) Insuring More Than 34 Million Mortgages Since 1934

Skip Navigation

1. Borrower, Coborrower and Cosigner Eligibility Requirements

Change Date

May 10, 2009


Back to top

4.A.1.ff. Additional Borrower and Coborrower Eligibility

The table below describes additional requirements and conditions for coborrowers and cosigners.

Condition/Requirement Description

Financial Interest Prohibited

A coborrower or cosigner may not be a party that has a financial interest in the mortgage loan transaction, such as the


  • seller
  • builder, or
  • real estate agent.

Exception: Exceptions may be granted when the party with the financial interest is related to the borrower by blood, marriage, or law.

Basic Ineligibility for Participation

An individual signing the loan application must not be otherwise ineligible for participation in the mortgage loan transaction for reasons as described in HUD 4155.1 4.C.


Note: This condition applies to all borrowers, regardless of occupancy status.

Principal United States (U.S.) Residence

Non-occupying coborrowers or cosigners must have a principle residence in the U.S., unless exempted


  • due to military service with overseas assignments, or
  • as a U.S. citizen living abroad.

Bookmark Get Help Back to top