Home Buying in 91001>Question Details

Karen Blanton, Home Buyer in Altadena, Pasadena, CA

How many people can be on a loan?

Asked by Karen Blanton, Altadena, Pasadena, CA Sun Jul 29, 2012

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Answers

3
No real restrictions on the number of people on the loan. But the loan would have to make sense with multiple people applying for the loan from the perspective of the lender. The primary question will be which applicants will be occupying the property and if the addition of other applicants disqualifies the purchase as an "owner occupied purchase" or not.
0 votes Thank Flag Link Wed Oct 24, 2012
As many as you want. The caveat is they all have to qualify for the loan. If one does not, the loan will not be approved unless that person is off the loan.
0 votes Thank Flag Link Sun Jul 29, 2012
No limit, the lender will have to decide and approve them.
0 votes Thank Flag Link Sun Jul 29, 2012
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