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Can I still qualify for a FHA loan modification if my father is a co-borrower on the original loan?

Posted on: 16th Mar, 2011 07:51 pm
My income has decreased but I have still managed to keep my mortgage payments current. Will my father's income be a factor in qualifying for a loan modification since he is on the loan? I would really like the new loan to be in my name only - is that possible?
hi jan61354

welcome to mortgage fit,

i must congratulate you first for being current on the mortgage.in order to refinance the mortgage on your name only,you should look for the following criteria and if you fit in that you can surely qualify for the mortgage on your name alone.
http://www.mortgagefit.com/firsttimebuyer/fha-financing.html


feel free to ask any further query if you have....

dipa
Posted on: 16th Mar, 2011 08:30 pm
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