Kiddie condo loan guidelines and requirements

Kiddie Condo LoanGUIDELINES AND REQUIREMENTS

KIDDIECONDOLOANS.COM LENDER HOTLINE: 888-581-5008

http://sctrak.com/kclss

FHA credit underwritingstandards MUST be met byevery person who signs the

loan.

01

Every person on the loanis responsible for full

repayment.

02

Credit score guidelines will be set by thelender and must be met by each person to

be included on the loan.

03

GENERALG U I D E L I N E S



Those applying must alsohave no accounts in

collections, not includingmedical bills within the

past year.

04Borrowers and co-

borrowers must be relatedby blood, marriage, or lawor the LTV will be less for a

property with 2-4 units.

05

Co-signer’s income must be enough tocover their own financial responsibility as

well as the new mortgage.

06

GENERALG U I D E L I N E S



KIDDIE CONDO LOAN BENEFITS

Another great benefit to the kiddie condoloan, it that it allows the borrower to haveroommates and an even better benefit is youcan charge that roommate rent! This isanother great way to alleviate some of thefinancial struggles a college student mightface. Alongside college students having tomanage their independence, they also getthe chance to act as a landlord which can bea great learning experience for them.



K I D D I E C O N D O L O A N S . C O ML E N D E R H O T L I N E : 8 8 8 - 5 8 1 - 5 0 0 8

C L I C K H E R E

T O L E A R N M O R E

KC



Justin McHood is Americas MortgageCommentator and has been providing

Mortgage commentary for over 10 years.

MORTGAGE COMMENTATOR

INFORMATION PROVIDED BY:Justin McHood


http://mortgagecommentator.com/

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Kiddie condo loan guidelines and requirements

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