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HP Set-aside Program Non-Occupant Co-Borrower Certification (FDP, CSP, and FRP only) Member Institution: Registration #: Homebuyer Name(s): and Co-Borrower Name(s): and This is to certify that: 1.

How to fill out non-occupant co-borrower certification form

How to fill out the non-occupant co-borrower certification form:

1. Begin by reading the instructions carefully. The non-occupant co-borrower certification form is a document that allows someone who is contributing their income or credit to a loan application but will not be living in the property as a primary residence. Understanding the purpose and requirements of the form is essential.
2. Start by providing the required personal information. The form will typically ask for the non-occupant co-borrower's full name, contact details, social security number, and date of birth. Make sure to provide accurate and up-to-date information.
3. Clearly state the relationship between the borrower and the non-occupant co-borrower. The form may ask for details on how the non-occupant co-borrower is related to the borrower, such as being a parent, sibling, or close friend. Specify the nature of this relationship to establish the level of trust and reliability.
4. Provide details on the borrower's loan or mortgage application. Include information about the property being financed, the loan amount, the purpose of the loan (e.g., purchase or refinance), and any other relevant details required in the form.
5. Indicate the non-occupant co-borrower's financial contribution. This section allows the non-occupant co-borrower to specify the specific financial support they will be providing towards the loan, such as down payment, monthly mortgage payments, or any other financial responsibilities.
6. The form may include a declaration of income and assets. The non-occupant co-borrower might be required to disclose their employment details, income sources, and assets. This section is crucial as it helps the lender evaluate the financial stability and capability of the non-occupant co-borrower.
7. Review and sign the certification. Carefully review all the information provided in the form to ensure accuracy and completeness. Once satisfied, sign and date the certification to affirm that the information provided is true and accurate to the best of your knowledge.

Who needs the non-occupant co-borrower certification form?

1. Borrowers who are unable to qualify for a loan on their own may opt for a non-occupant co-borrower, such as a parent or trusted individual, to help secure the loan.
2. Lenders often require a non-occupant co-borrower certification form when a borrower is unable to meet the income or credit qualifications on their own. The form helps the lender assess the financial commitment and integrity of the non-occupant co-borrower.
3. Non-occupant co-borrowers are typically individuals who are not planning to live in the property being financed but are willing to support the borrower's loan application by providing their income, assets, or credit history.

In conclusion, filling out the non-occupant co-borrower certification form requires careful attention to details, accurate information, and a thorough understanding of the purpose of the form. It is a crucial document for borrowers seeking assistance from a non-occupant co-borrower to qualify for a loan.

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What is non-occupant co-borrower certification form?

Non-occupant co-borrower certification form is a document filled out by an individual who is a co-borrower on a loan but does not live in the property being financed.

Who is required to file non-occupant co-borrower certification form?

Non-occupant co-borrower certification form is required to be filed by individuals who are co-borrowers on a loan but do not reside in the property being financed.

How to fill out non-occupant co-borrower certification form?

To fill out the non-occupant co-borrower certification form, the individual must provide their personal information, details of the loan, and certify their status as a non-occupant co-borrower.

What is the purpose of non-occupant co-borrower certification form?

The purpose of the non-occupant co-borrower certification form is to confirm the co-borrower's status in relation to the property being financed and their financial responsibility for the loan.

What information must be reported on non-occupant co-borrower certification form?

The non-occupant co-borrower certification form typically requires personal information, loan details, and certification of the co-borrower's status.