Northern Arizona University: What does Fannie Mae say about a principal residence with multiple borrowers?
DIRECT ANSWER
Original source observation: October 16, 2026. Primary-source review: October 17, 2026. Confirm current dates, costs, eligibility and availability with the linked publisher. Campus facts and general planning guidance do not determine an individual property's lawful use, employment benefits or mortgage eligibility. Fannie Mae guidance applies within its own program scope; other programs and actual loan documents require lender review.
Its page says only one borrower generally must occupy and take title, subject to guarantor or co-signer rules. Ask the lender to apply the current complete underwriting requirements to your facts.
Sources & verification
- selling-guide.fanniemae.com Independently reviewed primary source
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