Berkeley CSUA MOTD:Entry 49315
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2024/11/23 [General] UID:1000 Activity:popular
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2008/3/2-3 [Reference/Tax] UID:49315 Activity:high
3/2     Question:  Can a married couple get TWO $417K conforming loans to
        purchase a new home together?  Let's assume they maintain separate bank
        accounts, can each put 10% (20% combined) toward the down payment, have
        good salaries, live together, and file a joint tax return.  Thanks.
        \_ No.
           \_ is this an impression based on experience, or something you know?
        \_ Single unit?  No.  If it is a condo you might be able to do
           something where you each buy a unit, but the conformingness is
           per unit, not per owner.  If you want to spend the 400-500 an hour
           a good TiC lawyer costs (which is really what you have in mind)
           just to have him tell you no, feel free.