Vacating a Jointly Owned Property- Quick FHA Fact | Texas Mortgage Corner
Header Image

«
»

Vacating a Jointly Owned Property- Quick FHA Fact

FHA VA USDA Jumbo Home Equity Texas Mortgage Lender

by | September 11th, 2009
Share

If you are vacating a residence that will remain occupied by the co-borrower, he/she is required to obtain a NEW FHA mortgage loan.

Acceptable situations are:

1.) Instances of divorce, after which the vacating spouse will buy a new home, or
2.) One of the co-borrowers  will vacate the existing property

-

    Tags: , , , , , , , , | Category: Texas Mortgage Info |

    About

    FHA VA USDA Jumbo Home Equity Texas Mortgage Lender

    Tommy (NMLS #220122) is an active loan officer with AmCap Mortgage. You can also find Tommy on Twitter laying down the law in mortgages and other things that makes the wheels turn.

    Comments are closed.