Guarantors, Cosigners, and Non Occupying Co-borrowers

Guarantors and co-signers are credit applicants who:

• do not have ownership interest in the subject property as indicated on the title;

• sign the mortgage or deed of trust note;

• have joint liability for the note with the borrower;

• do not have an interest in the property sales transaction, such as the property seller, the builder, or the real estate agent

Non-occupant borrowers are credit applicants on a principal residence transaction who:

• do not occupy the subject property;

• may or may not have an ownership interest in the subject property as indicated on the title;

• sign the mortgage or deed of trust note;

• have joint liability for the note with the borrower(s);

• do not have an interest in the property sales transaction, such as the property seller, the builder, or the real estate agent

There are no restrictions on a Homium second lien for borrowers with Guarantors, Cosigners or Non Occupying Co-borrowers.