My wife and I are planning to buy a house. Since Im already retired and jus
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Hi Rey
FHA allows a non occupant co borrower. My guess is this is why they are pushing you towards FHA - The downside is you will have monthly PMI and your payment will be higher as a result (I guess thats what the $10 is you are mentioning)
Do you have other debt every month? Any chance you could use some of the down payment to eliminate that and make the numbers work that way?
Brian