Non-occupant co-borrower

What is Non-occupant co-borrower?

A non-occupant co-borrower is a party who applies to obtain a loan with another person but does not intend on living in the property. An example of this is a young couple buying a home who need their parents as co-signers in order to qualify. The parents, since they're not going to live in the home, are non-occupant co-borrowers.

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