Streamline Refinance - Borrowers

Created by Mariela Aparicio, Modified on Thu, 3 Oct, 2024 at 8:51 AM by Mariela Aparicio

Can I add or remove a borrower on a non-Credit Qualifying Streamline? 


All borrowers need to remain for a non-Credit Qualifying Streamline Refinance unless they meet one of the exceptions below. Otherwise, it would need to be a Credit Qualifying streamline to make sure the borrower remaining has the capacity to qualify for the loan themselves. Individuals may be added to the title and Mortgage on a non-credit qualifying Streamline Refinance without a creditworthiness review. 


On a Credit Qualifying Streamline at least one borrowers from the existing mortgage must remain as a borrower on the new mortgage. 




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