Non-Applicant

Non-Applicant

A non-applicant is typically an individual who is included in the application process but is not seeking an interest in the property that the loan is being used to finance.

Non-applicants are often included for various reasons, but they don't have an ownership stake in the property and are not legally responsible for repaying the loan.

A secondary applicant is a member of the family unit of the primary applicant, i.e. their spouse, an interdependent partner, a dependent child or a dependent relative of the primary applicant or spouse.

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An eligible applicant means they are qualified to be an eligible representative or recipient.

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