What is a coborrower on an FHA loan? A co-borrower is anyone, whose income, assets, debts, and credit history is being used in the qualifications for loan approval and is taking title to the property, and is obligated on the Mortgage Deed and Note. Maximum financing is permitted to 1-unit properties when there is a familial relationship between borrowers. Multi-unit properties are limited to 75% CLTV regardless of the relationship if using a non-occupant co-borrower. If the … [Read more...]