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FHA Underwriting Updates

February 8th, 2016 1:20 PM by Sam Kader

FHA updated its guidelines recently - the following individuals and entities are defined as acceptable donors or non-occupant co-borrowers:

  1. The borrower's family member
  2. The borrower's employer or labor union
  3. A close friend with a clearly defined and documented interest in the borrower
  4. A charitable organization
  5. A government agency or public entity that has a program providing homeownership assistance to low or moderate income families or first-time homebuyers.
  6. Only family members may provide a gift of equity on a property being sold to other family members.

Family members are defined as any of the following individuals:

  1. Child including stepchild, parent or grandparent.
  2. A parent or grandparent includes a stepparent/grandparent or foster parent/grandparent.
  3. Spouse or domestic partner
  4. Legally adopted son or daughter.
  5. Foster child
  6. Brother or stepbrother
  7. Sister or stepsister
  8. Uncle
  9. Aunt
  10. Son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law or sister-in-law.


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