Re:Some young people are buying houses with friends
by ThrustVectoring on Wednesday March 06, 2019 @04:09PM
(#19322818)
What? That's not how the qualification works. If it's no bigger than a 4-unit building and is going to be your primary residence, you can still qualify for a FHA loan at 3.5% down.
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Re:Some young people are buying houses with friends
by Johnny555 on Wednesday March 06, 2019 @04:26PM
(#19322976)
My bank required proof of income sufficient to qualify for the mortgage -- presumably if part of that proof was "4 of my friends promised to pay me $1000/month each to rent a room in the house", that would no longer qualify for a regular homeowner mortgage program.