Posts tagged Boarder Income
Boarder - Income

Cherry Creek Mortgage Co., Inc. NMLS #3001. The material provided here is intended as educational and informational only and is for distribution to real estate or financial professionals and is not intended for distribution to consumers; this does not constitute an offer to lend or to recommend available products.

HomeReady by Fannie Mae allows up to 30% of qualifying income to come from boarders.

IF THE BORROWER CAN:

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Document proof of shared residency

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Provide 12 months of cancelled rent checks from boarder

Millennials are ready to buy!

Maximize their purchasing power with Cherry Creek!

Borrowers can use supplemental income from a boarder to help qualify for a loan! This program provides expanded opportunities for home ownership through flexible underwriting.

DON’T FORGET TO ASK ABOUT ADU INCOME TOO!

Have questions about this program? Call me today!

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