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What is the maximum amount of people allowed on a mortgage loan?

by joy.us9817 from Rockport, Washington. 26 days ago Reply


Tim Barlow (tim@cornerstonehomemortgage.com)
#112 ranked lender in Washington - 7 contributions

VA home loans typically go up to $424,100 but higher in some counties or go to my VA Site www.VAguy.com and do a full application! You can also call me on my cell 360.250.3400 Tim Barlow

26 days ago
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Bobby Afrasiabi (BobbyA)
#937 ranked lender in California - 6 contributions

I've closed a loan with 6 people on the application before, as an Investment Property. If you want me to walk you through your options, feel free to call me at 949-271-6011. I am a Washington Licensed Loan Originator for Capwest Mortgage, one of Costco's Preferred Lenders.

26 days ago
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,565 contributions

I don't believe there is a limit. I don't ever recall seeing any limit in any guidelines over the 26-years I've been lending in Minnesota, Wisconsin, and South Dakota I've closed many with 4 people, and one time with 6.

26 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,044 contributions

There is no limit, but understand that aside from married couples, each borrower will have to do a completely separate loan application and disclosure packet.. In essence, your loan officer will be doing the work of multiple loans, but don't let that stop you.. it's done all the time, and really is not a problem. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

25 days ago
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I recently completed my end of year Continuing Education for license renewal. The answer is 10.. You can have up to 10 Borrowers on a loan transaction. And each person has to complete a separate individual loan app for this loan as well. Feel free to contact me directly if you still have unanswered questions. NMLS# 1069254 Robert Hardy 206.973.6394

21 days ago
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