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  • Home Affordable Modification Program Non Borrower Occupant Certification Form

Get Home Affordable Modification Program Non Borrower Occupant Certification Form

Making Home Affordable Program Non-Owner Occupant Certification You are the occupant of a property that is being sold or transferred in conjunction with the U.S. Department of the Treasury s Home.

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How to fill out the Home Affordable Modification Program Non Borrower Occupant Certification Form online

This guide provides clear and supportive instructions for filling out the Home Affordable Modification Program Non Borrower Occupant Certification Form online. It is essential for occupants seeking relocation assistance to complete this form accurately.

Follow the steps to complete the certification form online.

  1. Click ‘Get Form’ button to access the Home Affordable Modification Program Non Borrower Occupant Certification Form in your online editor.
  2. Enter the occupant's name in the designated field. This should be the person currently residing at the property.
  3. In the certification section, confirm your status as the current occupant and acknowledge that you are required to vacate the property due to the sale or transfer.
  4. Complete the acknowledgment and agreement section by authorizing the necessary parties to review your information and confirm your eligibility.
  5. Save your changes, ensuring all information is recorded. You can then download or print the completed form for submission.

Complete the Home Affordable Modification Program Non Borrower Occupant Certification Form online today for relocation assistance.

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The non-occupant co-borrower may have their name placed on line #2 of the sales contract. The sales contract should reflect that it is an owner occupant transaction. The non-occupant co-borrower does not sign the sales contract or any addendums. The non-occupant co-borrower is reflected on the prequalification letter.

Conventional loans Fannie Mae and Freddie Mac allow non-occupant co-borrowers. When using a conventional loan, the co-signer is required to sign the loan but does not need to be on the property title.

A non-occupant borrower is anyone, such as a parent, who is willing and financially able to be a borrower on the mortgage, but who will not live in the home.

When the LTV ratio is equal to or less than 90%, a nonoccupying endorser, guarantor or surety is permitted, but the occupant Borrower must be able to qualify for the Mortgage in ance with Chapter 5401.

The non-occupant borrower income flexibility is available for all Fannie Mae loans, including HomeReady® mortgage. For more information on non-occupant borrower eligibility requirements, refer to Selling Guide section B2-2-04, Guarantors, Co-Signers, or Non-Occupant Borrowers.

For a conventional loan, because they are a borrower, non-occupant co-borrowers will have to sign on the loan, but they don't need to be on the property title. For FHA loans, non-occupant co-borrowers are required to be on both the title and the mortgage.

There's no legal limit to the number of co-borrowers on a mortgage, but lenders rarely take applications from more than four or five borrowers due to limits on underwriting software.

Non-Occupant Co-Borrowers/Co-Signers: Any co-borrower or co-signer being added to the note must be an occupant of the property securing the new FHA-insured mortgage. Non-occupant co-borrowers or co-signers may not be added in order to meet FHA's credit underwriting guidelines for the cash-out refinance.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232