Two buyers, only one on mortgage application.

Can house with two buyers (equal ownership) have just one person on mortgage app ?

Will the lender need details of buyer 2 and their income and all ?

Buyer 2 just plans to pay from their bank directly and doesn’t need to be involved in mortgage app. Buyer 1 has the borrowing power needed to obtain the desired financial funding from the lender.

Buyer relationship: father son. Not a married couple relationship. Father/son on deed and intending on one person on mortgage application (if lender allows it)

submitted by /u/RayAllenGame6
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Can house with two buyers (equal ownership) have just one person on mortgage app ? Will the lender need details of buyer 2 and their income and all ? Buyer 2 just plans to pay from their bank directly and doesn’t need to be involved in mortgage app. Buyer 1 has the borrowing power needed to obtain the desired financial funding from the lender. Buyer relationship: father son. Not a married couple relationship. Father/son on deed and intending on one person on mortgage application (if lender allows it) submitted by /u/RayAllenGame6 [link] [comments]

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