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Posted on Apr 21, 2014 in FHA Information

Question by windee1026: Does a mortgage loan go off of the single borrower or the total household income?
Only one will be getting the loan but there will be two incomes paying it back

Best answer:

Answer by Ace
Since the single borrower is getting the loan, this medicine the mortgage company will only use the income from the single borrower. The single borrower is signing the contract and is responsible for the loan. According to the mortgage loan contract the single borrower is the only person that agreed to pay on the loan.

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