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A father and daughter making cookies

There are times when we need a little help getting started in life. Doing something like adding your child’s name to your credit card can help them build credit quickly if you pay it off every month.

It’s a big decision to cosign a loan for someone because you’re taking on a lot of responsibility if things go south. If you’re the one getting a mortgage with a cosigner, there are factors and restrictions that go along with the transaction.

The Responsibilities of Being a Cosigner

Cosigning can really help someone out, but it’s also a big responsibility. When you cosign for someone, you’re putting your name and credit on the line as security for the loan.

If the person you cosign for misses a payment, the lender or other creditor can come to you to get the money. The late payment also shows up on your credit report.

Because cosigning a loan has the potential to affect both your credit and finances, it’s extremely important to make sure you’re comfortable with the person you’re cosigning for. You both need to know what you’re getting into.

Applying for a Mortgage with a Cosigner

Let’s say you’re looking to apply for a mortgage and you found a cosigner who’s willing to give you a little extra boost to help you qualify. While it’s definitely doable to apply for a mortgage with a cosigner who’s not occupying the property, there are some restrictions.

Whether or not you can apply with a cosigner will depend on the type of loan you’re trying to get. Non-occupant co-borrowers are most commonly seen on conventional loans and certain types of FHA loans.

Conventional Loan Requirements

In order to apply with a non-occupant co-borrower for a conventional loan, the cosigner has to sign the loan, but they don’t need to be on the title of the property. The co-borrower’s credit will be pulled, and the score will be used along with the occupying client to determine loan qualification.

With conventional loans, things start to diverge based on who owns the loan when looking at debt-to-income (DTI) ratios.

At Quicken Loans, the occupying client DTI ratio can only go up to 70% if a client has a down payment of 20% or less. If the down payment is greater than 20%, there’s no cap to the ratio. Different lenders may have different policies.

The non-occupying co-borrower’s income and debts are added to the housing expense- to-income ratio (HTI). A client’s HTI is the percentage of their monthly income that goes toward housing expenses including principal, interest, taxes and insurance. This also sometimes includes homeowners’ association dues. Taken together, these five elements of a mortgage payment make up the acronym PITIA.

FHA Loans

If you’re looking to get an FHA loan with a non-occupant co-borrower, there are a few other special restrictions.

First, you can have a maximum of two non-occupying co-clients. Their primary residence needs to be in the U.S. If you’re occupying the property, you can have a maximum DTI of 70% with a down payment or equity of less than 20%. If you have a higher down payment or equity stake, your DTI is unlimited. Finally, non-occupant co-borrowers are required to be on both the title and the mortgage.

In order to take full advantage of the FHA program and only bring a 3.5% down payment to the close, there are a couple of additional guidelines.

The property you’re buying must be a single-family residence. The non-occupant co-borrower must be a relative or a close friend as well. For the purpose of your mortgage, the following are considered relatives:

  • parent or grandparent (step, foster and adoptive)
  • child (step, foster and adopted)
  • sibling (step, foster and adopted)
  • aunts or uncles
  • spouse or domestic partner
  • in-laws

If the non-occupying co-client is a close friend, you’ll have to provide some extra documentation describing the length of your relationship and their interest in helping you.

There are a few instances in which you must have a down payment or an equity stake of at least 25%:

  • The non-occupying co-client is not family or a close friend
  • It’s a non-arm’s length transaction (the co-client is also the seller)
  • A two-unit property is being purchased

Before cosigning on a property with anyone, be sure you both understand what you’re getting into.

Do you still have questions about applying for a mortgage with a cosigner? Leave them in the comments below.

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This Post Has 212 Comments

  1. My husband and I are considering acting as non-occupant co-signers / co-borrowers on a loan for his younger brother. We’ve looked into the FHA option but the high private mortgage insurance is unappealing. We’re therefore interested in learning more about options to finance it as a conversional loan:
    1. with a conventional loan, is there a difference between non-occupant co-signer and non-occupant co-borrower?
    2. for a conventional loan, we were told the option to co-sign/co-borrow is done only through one of two programs: Fannie Mae Home Ready or Freddie Mac Home Possible. Is that true? These programs have income restrictions that may affect our collective eligibility. If these are the only programs that allow co-signers/co-borrowers, do the income limits apply to only the occupying borrower or the sum of all applicants’ income?
    3. does adding a co-signer/co-borrower to a conventional loan affect minimum down payment requirements?
    4. i know with FHA loans the co-borrow must be added to the title. Although this is not required for conventional loans is it possible/allowed to add co-signers/co-borrowers to the title?
    5. what are the tax implications of acting as a non-occupant co-signer / non-occupant co-borrower? can co-signer/co-borrowers deduct mortgage interest expense from their taxes? If there is a distinction between acting as a non-occupant co-signer and non-occupant co-borrower for a conventional loan, does this distinction have tax implications? i.e. co-signer cannot deduct mortgage interest expense from their taxes but a co-borrower can.
    Thank you!

    1. Hi Mia:

      I’m going to take these in order.

      1. In terms of liability for the mortgage, a co-signer and co-borrower are the same thing. That’s true whether it’s a conventional or FHA loan.
      2. You can cosign with Fannie Mae’s HomeReady and Freddie Mac’s Home Possible programs. However, the ability to do that isn’t exclusive to these options. You can do that with other conventional loans as well. If you did end up going through either of the above programs, the income of everyone listed on the loan counts toward income limits.
      3. With a co-borrower, there would have to be a 5% down payment with either a regular conventional loan or Fannie Mae’s HomeReady program. With Freddie Mac’s Home Possible program, the minimum down payment would be 3%.
      4. Anyone can be added to the title.
      5. The way that portion of the tax code is set up is based on occupancy, not the payment arrangement. Therefore, if your brother-in-law will live in the house, he gets to claim the interest payments. For more information, check out this from the IRS.

      In your situation, I recommend you speak to one of our Home Loan Experts at (888) 980-6716.

  2. Is there a minimum down payment required on a conventional loan with a non-occupant co-borrower that is not related to the primary borrower?

    1. Hi Paulina:

      There are no special down payment requirements because the nonoccupant co-borrower isn’t related to the primary client. Depending on the loan option you qualify for, the minimum down payment in this scenario is going to be between 3% – 5% for a 1-unit primary residence. If you would like to get started online, you can do so with Rocket Mortgage or give one of our Home Loan Experts a call at (888) 980-6716. Thanks for reaching out!

  3. Hello,

    I am looking to co-sign an FHA loan for my son because he is newly self employed. He has decent credit but not a great work history. Will my employment and debt to income be the determining factor? Also wondering if it would be better to pay down some of my debt or save more toward a down payment. Thank you

    1. Hi Barbara:

      When you cosign a mortgage, lenders look at the lowest median credit score of all borrowers on the loan. So it’s the lowest score that counts as a qualifying factor. Paying down debt will help him qualify to buy more home in theory. The reason for this is the less debt that you have, the more of a mortgage payment you can afford on a monthly basis. The down payment isn’t as big of a factor on an FHA loan because even if you put 10% down, you still pay mortgage insurance for 11 years. If the down payment is less than 10%, mortgage insurance is paid for the life of the loan. I think the best thing for you and your son to do in your situation is to go over your options with one of our Home Loan Experts at (888) 980-6716. Thanks for reaching out!

    2. Hi,

      I kind of want to piggy back off of Barbara’s situation because i too want to be a co-borrower for my son as well but what i wanted to know was will my (DTI) ratio be affected after becoming a co-bower for my son not a co-signer when i pursue another home purchase?

      1. Hi Sean:

        If you were to be a co-borrower for your son, your DTI ratio would be affected when you tried to purchase your next home. I hope this helps clarify things!

  4. I am looking to refinance my home, but long story short I am not in great standing with my current mortgage company (have some missed payments over last two years). My father has said he is willing to co-sign on the refinance if it means a possible lower rate and I can finally get away from the nightmare that I have had to deal with my current mortgage provider. My credit is under 600 but I know my Father’s is very good. What do we need to do to get this process started and how will my poor credit and history with the current mortgage effect the outcome?

    1. Hi Mike:

      I’m going to suggest you speak with one of our Home Loan Experts at (888) 980-6716. Although a cosigner will help with debt-to-income ratio, for credit score purposes, what counts is the lowest qualifying credit score. That’s not to say you wouldn’t have an option that would accomplish your goals, so I think it’s best to talk to someone. I hope this helps!

  5. I’m buying my parents house they are retired can they co-sign my loan if they are selling me their house? And can they co-sign if they are retired? How much do they need to make to help my loan?

    1. Hi Yvette:

      It may be possible to have your parents cosign, but there are a lot of variables involved in the questions you’re asking. I would recommend speaking with one of our home loan experts at (888) 980-6716. They would be able to go over your personal situation. Thanks!

  6. I am purchasing my first home & have someone in my family co-signing for me. I am wanting to know what forms the co-signer has to receive & what they will leave with, if any. It is an FHA loan if that makes any difference.

    I am specifically wanting to know if they will have to sign/see/receive paperwork showing my debt/liabilities…I know that we will have to sign these forms, however I don’t know if we will individually sign & receive them, or if we sign ours personally as well as the other persons.

    After originally applying & getting pre-approval letter, I was sent 15+ documents to sign before the loan could go to underwriting. One of the documents was a “Uniform Residential Loan Application” form..this listed all of my assets & debts/liabilities..but it only showed mine, it did not show the co-signers, he got one as well that showed only his. So just wondering if at closing they will be individual or if we will have to sign our own as well as the other persons & be sent home with those forms. Any insight is appreciated!

    1. Hi GTR96:

      When you sign for a mortgage, you sign for the mortgage debt itself at closing. By the time you get to close, you’ve already been through underwriting and had everything verified, so there’s no need to go through asset/liability listing again. The only debt you sign for is the new mortgage debt. I hope this helps!

  7. I have a similar scenario in Illinois.
    I own a home with my fiancé and we have a homeowners exemption. His mom needs help buying a home. We could cosign for her to get her approved, but we won’t live there, she will. Since it will be her primary residence, we want her to be able to get the homeowners exemption, but are we at risk of losing ours? We don’t want to be on the title if if means we won’t lose our exemption.

    1. Hi F:

      It would depend on the way Illinois tax law is written as to whether you would lose your exemption if you were on the title. You would have to talk to a tax expert about that. However, I don’t think you necessarily have to worry about this. You’re not required to be on the title in order to cosign because you’re not going to be living there. I hope this helps!

  8. Hi Kevin!
    In the process of applying for a mortgage and we’re getting some conflicting information. We are purchasing a house from my fiances uncle, which will include around 25k of gifted equity. My fiance does not have a stellar credit score so we’ve decided to leave him off of the application. He will be on the title to allow for the gifted equity. My mom has agreed to cosign my application. Here’s where it gets weird:
    If my mom cosigns, she must be an occupant or else we lose the gifted equity. Also, we would be required to pay a higher interest rate since the house would be considered an investment property. From what I read above, it sounds like you’re allowed to have a non-occupant person co-sign your loan but why is Bank Of America telling me otherwise? Are you familiar with our circumstances?

    1. Hi Samantha:

      The policies outlined in this article represent those of Quicken Loans. Other lenders have different policies and I really can’t comment on the thinking behind them. What I can tell you is that we would consider this a primary property because you’re going to be living there. You can also get a gift of equity from your fiancé’s uncle, but in that case the investor in your mortgage would have to be Fannie Mae. In your situation, I think the best thing to do would be to speak with one of our Home Loan Experts at (888) 980-6716. We would be happy to go over all options and see if there’s something we can do to help get you in that home.

  9. Am I able to co-sign a mortgage loan for my daughter if I live in PA but the home she is buying as her primary residence is in CT? I’ve been reading some things on the net that say lenders may require the co-signer to reside in the state of the property that she is co-signing for.

    1. Hi Michal:

      While we can’t speak for other lenders, it doesn’t matter to us where the non-occupant cosigner lives. If you and your daughter would like to get started, I recommend speaking with one of our Home Loan Experts at (888) 980-6716. Have a wonderful day!

  10. My boyfriend (of 7 years) and I want to buy a home in North Carolina. We both have great credit scores and each of us makes around $50k income. We lived in Virginia in his house which is now on the market. His new job is in NC and my job is still in VA while I look for work in NC. The mortgage company made a mistake and told us we were approved for a $265k home and we put a contract on the home. Now they are saying they cannot approve us because I work in Virginia. I have no debt, he has a very low mortgage in Virginia until the house sells. Can I be a regular co-signer or a non-occupying cosigner? And can we do this on a conventional loan in NC and only pay 5% down? I will reside in the new home either once I get a job in North Carolina or once the house in Virginia sells.

    1. Hi Sherri:

      Yes, it looks like you could be a non-occupying cosigner with a conventional loan and put 5% down. I’m going to recommend you speak to one of our Home Loan Experts at (888) 980-6716 to more fully go over your situation. I hope this helps! Have a good day!

  11. Hi Kimberly,

    If I purchase my own property, can I still co sign my girlfriends loan(FHA) not long after? She needs the extra income to qualify for a higher mortgage.

    Together right now we qualify for $300k+ however I am planning on buying my parents property. So I was going to just co sign as a non occupant borrower.

    Thanks,
    Eric

    1. Hi Eric:

      I’m going to recommend you ultimately speak with one of our Home Loan Experts at (888) 980-6716 to go over your situation in detail. You could cosign on your girlfriend’s loan. However, because it’s an FHA loan, there are some restrictions. First, because you’re not family formally yet, the minimum down payment would be 25%. If you were to get married or establish a domestic partnership, the minimum down payment would be 3.5%. There are also restrictions on how high her debt-to-income (DTI) ratio can be. That’s a little complex to get into here, but if you give us a call, we’ll be happy to walk you through it. Hope this helps!

  12. My child was preapproved for a fha Liam in Kentucky but the mortgage company say her debt to ratio is 10 points off so he wants her to have a co-signer . Her credit score is good but mine is 540 but make 80,000 a year and no car loans just a mortgage and 15,000 in small bills. Will I be able to co-sign ???

    1. Hi Kimberly:

      Thank you for reaching out. To be able to co-sign on your child’s FHA loan, you would need a credit score of at least 580. If her debt-to-income ratio is high, she should focus on lowering her debts by paying off any credit cards and other loans and avoid taking on additional debts. She also might be able to qualify for a mortgage if she has a decent credit score and provides a higher down payment amount. I hope this helps!

  13. I am in the process of applying for a mortgage and wish to have my brother as a co-signor on a FHA loan. The mortgage service company I am going through is indicating that he knows of no lenders who will do a mortgage in this way. Is that correct? Are there mortgage lenders out there that you know of that do a FHA co-SIGNOR type mortgage?

    1. Hi Kelley:

      That’s not correct. We do them. The one thing I will tell you is that both your credit scores have to be at least a median of 580 or higher, so having your brother cosign on the mortgage only helps with your debt-to-income (DTI) ratio and you still have to have a high enough credit score. I recommend speaking with one of our Home Loan Experts at (888) 980-6716.

  14. I’ve had my home for 19 years now without refinancing and only taking out equity to finish the downstairs. I have about $155K in equity. However, I’ve had many bad things happen in life in the last 8 years, and my DTI, credit score and income aren’t very good. My house and all bills are current (with assistance I’d rather not talk about online). I’d like to tap into about $70k of this equity to pay off all the debts (except 1st mortgage) and current 2nd and get a decent car with significantly lower mileage than my current car at 400K miles. I’ve checked mortgage calculators and the approx. $340 per month possible payment would be a dream and would enable me to turn my life around. I’ve also learned how easy (and scary) it is to slip into consumer debt, so I’ve learned I’ve got to be much more careful and would have this friend or family member there to help reinforce new habits as well, so that I don’t get into this situation again. I’d like to leave the primary mortgage completely alone. Is there a way I could have a friend or relative cosign on a new second mortgage so I can pay off my current 2nd, all of my debts and get a decent vehicle?

    1. Hi Jake:

      In your situation, I’m going to suggest you speak with one of our Home Loan Experts to go over your situation thoroughly. They can be reached at (888) 980-6716 and would be able to walk through all of your options. There’s a couple things I’m going to tell you upfront.

      First, we only do cash-out refinances on primary mortgages, so you wouldn’t have a second. Because this would require taking cash out of your primary mortgage, you couldn’t leave that one completely alone. However, taking out a loan on your primary mortgage could enable you to get a lower rate, so it has its benefits. Second mortgages are higher risk from a lending standpoint and come with higher rates.

      Depending on the loan you go with, it is possible to reply with a non-occupant cosigner. As I said, giving us a call would allow us to go over your situation in more detail, but I hope this is a good start!

  15. If I co-sign on a loan for my son and he lives in the house with 2 friends (and the 2 friends pay him rent) is it a rental? which interest rate does he qualify for?

    1. Hi Dorothy:

      As long as he lives there, it’s considered a primary residence and his rate would be lower than it would be if it was an investment property. If you want to look into your options, you can do so with Rocket Mortgage or give one of our Home Loan Experts a call at (888) 980-6716. Have a good day!

  16. HI
    I would like to know what loan would apply best to my situation i am married but i would like to take out a loan by my self and use my mother as a non occupying co borrower so she can help me qualify for a higher loan amount and get the house that i want, my question is can i apply for a conventional loan with my mother or do i have to do an fha loan? would i benefit from lower rate from a conventional loan or an fha loan? and my last question will be for either the conventional loan or the fha loan do the lenders take into consideration my spouse debt even though he will not be on the loan we live in north carolina?

    1. Hi Ally:

      I’m going to take the rate part of that question first. Whether FHA or conventional rates are lower depends very much on your personal financial profile. That’s certainly something you can look at yourself when you get preapproved and see what makes the most sense for you. You can do a conventional loan or an FHA loan with your mother. It doesn’t matter. Your spouse’s debts wouldn’t be taken into account in North Carolina if he wasn’t on the loan because it’s not a community property state. I hope this helps! If you would like to go over your options for possible preapproval, you can start online with Rocket Mortgage or speak with one of our Home Loan Experts at (888) 980-6716.

    1. Hi Kimberly:

      With an FHA loan, the non-occupant co-client is required to be on the title. In that case, they would have the right to move in because it’s their house, too. With a conventional loan, they aren’t required to be on the title and they don’t have the right to move in if you don’t want them to. Hope this helps!

    1. Hi Nancy:

      You’ve come to the right place if you’re looking for a home loan. You can get started online with Rocket Mortgage if you want to get a preapproval or complete refinance approval. Alternatively, you can give one of our Home Loan Experts a call at (888) 980-6716. Hope this helps!

  17. Hi! My son is looking to buy the condo he currently renting. I (his mother) will be co-signing. What is the difference between non-occupant and occupant co-signer as far as loan details? A lender has told him conventional is the only way to go but are there any first time homebuyer programs available to him even If I own a home with my husband?

    1. Hi S:

      It could be possible that he could get an FHA loan under normal circumstances in addition to a conventional option. However, the condo would have to be approved by the FHA, so maybe that’s why it’s not a possibility. Many of the first-time home buyer special loan options and grants available through the government and other sources only require that one person on the loan be a first-time home buyer. It sounds like he’s already been talking to someone, but if he would like to go over his options, we would be happy to help him go over them online through Rocket Mortgage or any call with one of our Home Loan Experts at (888) 980-6716. Hope this has been helpful!

  18. I was almost approved for a FHA loan, but was off on my income by $400!!! I was told that I could use a cosigner, but the only person I can find to qualify with the credit is my children’s father. Is he not qualified to be able to be used as a cosigner?? I was told they had to be strictly family only! & To me, he technically is being he’s the father of my children. So can he really not be used??

    1. Hi Jennifer:

      The non-occupying cosigner technically doesn’t have to be a family member. However, if you do that, the minimum down payment on an FHA loan has to be 25%. In order to make a lower down payment as low as 3.5%, it has to be a family member. Unfortunately, being the father of your children doesn’t legally qualify him as family. I see that you are working with us, so I’m going to have someone reach out and see if we can come up with an action plan to get where you would need to be to move forward.

  19. My net to debt is not good. My sister will cosign a loan for me. We both have good credit. I would like an FHA /first time home buyer loan. IS this possible ?

    1. Hi Kim:

      It’s possible to have your sister cosign with you. However, if you’re on the loan, your credit score would still have to be at least a median of 580 FICO to get an FHA loan no matter who was on it with you. I’m going to recommend you reach out to one of our Home Loan Experts at(888) 980-6716. They’ll be able to help you go over your options and possibly help come up with a plan to get you where you need to be.

      Thanks,
      Kevin

  20. I would like to cosign for a mortgage for my granddaughter in south Carolina I live in new York state and have been told I need to own a property in south Carolina before I can cosign but I vcannot find what the time frame is -from the time I close on another property to cosign jhers… or is there a time frame like 6 months or a year as a property owner before I can sign with her?
    e

    1. I’m going to have you speak with one of our Home Loan Experts to go over your situation, but I can’t think of a reason you would have to be a resident of South Carolina. You can get in touch with us at (888) 980-6716.

      Thanks,
      Kevin Graham

  21. My husband and I are both Traveling Union Electricians. We work large jobs around the country making great money and take time off while collecting unemployment. We both have over 800 credit scores and a sizable savings for 20+% down. We wish to buy a home Where we will spend our vacation and unemployment time. The problem is that the unpredictable nature of the construction industry may lead to us not being employed through out the home buying process. Would a co-signer such as my Mother, who has a very steady good salary and also 800+ credit, allow us to qualify if my husband and I are not currently employed? We will have unemployment income, currently $900/ wk. We can swing a down payment of over 20% if need be.

    1. Hi Kelli:

      We can certainly help you look into your options. I’m going to suggest you speak with one of our Home Loan Experts by calling (888) 980-6716 and we can go over the particulars of your situation.

      Thanks,
      Kevin

  22. Hello,
    We (myself and my husband) are wanting to purchase a home soon. We own a rental property in another state, both work full time w2 jobs here in TX, and also each have some self-employment income that shows as very minimal after tax deductions. We have enough down for an FHA loan, but our DTI comes back high because of the self-employment income reported AND the new rules on how student loans are calculated (I am on an income based plan, and the new rules state that the lender has to count my debt at 1% of the loan, vs the actual payment which is a $400 difference). Without the student loan issue, we are at 45% dti, with it we are at about 50%. Our credit scores are both near or over 700.

    My brother in law said he would cosign if necessary. He has very little debt, doesn’t own a home, and has good credit.

    Do we just proceed with him as a cosigner? One lender stopped working with me because of our complicated self employment and another said that my student loans are the problem, but she was leary about putting single guy in his 30s as a cosigner.

    Advice?

    1. Good morning, Kellee:

      A Home Loan Expert could ultimately help you look into all of your options, but one thing I think you might want to consider is a conventional loan. There are rules in place for conventional loans that allow us to use the monthly payment you’re actually paying as opposed to 1% of the loan in most cases. Your credit scores are more than high enough to qualify, assuming your numbers are accurate. If for some reason you do end up having to proceed with a cosigner, that’s something we can go over with you. I’m going to recommend that your next step be to go ahead and get in touch with us to go over your situation. You can do so by filling out this form or calling (888) 980-6716. Hope this helps! Have a great day!

      Thanks,
      Kevin Graham

  23. Hi!
    I am a first home buyer in Florida. My income is 40K after deductions. 5 part time jobs. 3 of it more than for 2 years. My credit score is 723. Have 20K cash. Only debt is a car 380/month. Would like to buy a nice house or townhouse, but when I punch in numbers in Zillow it is saying I can buy only under 100K. My target is 160-220K range home. One of my part time job’s owner offered me to co-sign for me. I am from Europe have no idea how it goes here. Is this an option for me to buy a nicer home than I supposedly can afford but someone co-sign for me and I still own it and I pay the mortgage?

    1. Hi Kolos:

      Having a non-occupant cosigner is an option. It would add to your qualifying income and enable you to potentially buy a more expensive home if you wanted to. I’m going to recommend you talk to one of our Home Loan Experts to go over your options. You can get in touch with them by filling out this form or calling (888) 980-6716.

      Thanks,
      Kevin Graham

  24. My husband and I would like to purchase the condo we are now renting. Our credit scores are around 525. My son said he would like to co-sign for us. Would a conventional mortgage be possible as FHA is not accepted by the Homeowners Association here ? My son already had his home mortgage thru Quicken ,

    1. Hi Shelby:

      Unfortunately, lenders are required to look at the lowest credit score of all clients on the loan. The two of you would have to bring your credit score up to at least 620 before you could qualify for a conventional loan. Having your son cosigning with you would lower your debt-to-income (DTI) ratio, but you need to improve your actual credit.

      I’m going to recommend you check out our friends at QLCredit. You can pull your credit report and score for free without affecting your score. You’ll also get personalized tips on how to bring your score up to where it needs to be. You could also talk to one of our Home Loan Experts who may be able to provide additional help by digging into your situation. You can get in touch with them at (888) 980-6716. Hope this helps!

      Thanks,
      Kevin Graham

  25. I have a credit score of at least 590, however my debt to income ratio was to high and I’ve only been at my job for a year due to moving back to the state. I was looking to buy a foreclosure property for $85K and fix it up. I do have a 10% down payment. My uncle is willing to co-sign for me who has great credit and owns a home. Will my uncle have to be on the loan/deed?

    1. Hi Brian:

      If he is cosigning, he will be on the loan, but he doesn’t have to be on the title. I would recommend talking to one of our Home Loan Experts by calling (888) 980-6716 and we can look into your options.

      Thanks,
      Kevin Graham

  26. I am currently seeking to get pre-qualified for a FHA mortgage and my father has agreed to be a co-signer but not a co-borrower. The distinction he makes is that he is looking to refinance his own home shortly and does not want his support for me to interfere with that effort. What is the difference between a co-signer and co-borrower and is that a legitimate concern? How can we get around it?

    1. Hi Tony:

      Unfortunately, for the purposes of a mortgage process, a cosigner and co-borrower are the same thing. By cosigning, your father is saying he will make the payments if you can’t make them. Because of this, it’s going to be taken into his debt-to-income ratio when he goes to refinance as if he was making that payment every month. It’s a legitimate concern for sure. However, there is no way around it. If he cosigns, they’ll have to take that payment into account when he goes to refinance. I hope this at least helps you to know where you stand.

      Thanks,
      Kevin Graham

  27. I am trying to buy a townhouse and I will have a roommate. My roommate does not want to be on the loan, she just wants to pay rent. Given this, we can afford a lot more than the bank is willing to approve me for. My mother is willing to cosign the loan because she knows we will have no trouble making the payments together. However, the bank is telling me the only way she can cosign is if it is considered an investment property and we have at least a 25% down payment (which I don’t). How can I get a loan that allows my mom to cosign while still owning her own home?

    1. Hi Karissa:

      There may be restrictions specifically because it’s a townhome, but that also depends on the type of loan you’re getting potentially. I’m going to recommend you speak with one of our Home Loan Experts because they’ll be able to go over your situation and give you more definitive information. You can get in touch with them by filling out this form or calling (888) 980-6716. Good luck!

      Thanks,
      Kevin Graham

  28. My brother is a 1st time homebuyer and is looking into purchasing his 1st home. my dad is willing to co sign with him to get approved for a litter higher amount. my dad currently has a home with a conventional loan, even though my brother qualifies for FHA they told us if my dad is added as a co signer it would have to be a conventional loan and he would have to put his house out for rent? and the new house would have to be a certain distance from my dads? pls help.

    1. Hi Jackie:

      It sounds like the lender might be misunderstanding what your dad and brother want. That sounds like they expect your dad to be buying an investment property which will then be rented to your brother. There’s some definite miscommunication going on here.

      Non-occupant co-clients are allowed on FHA loans assuming your brother meets certain qualifications. I’m going to recommend they reach out to one of our Home Loan Experts. We’d be happy to go over the options if they fill out this form or call (888) 980-6716. Have a great night!

      Thanks,
      Kevin Graham

  29. Hello,
    My husband’s mom asked him to be a non occupant cosigner, will this affect him when he wants to look for his own home ? Will he qualify the same or will that affect him since he helped her . She plans to take him off the lease in a year but several real estate agents have advised us that it will affect him and two told us it will not affect at all . Please help

    1. Hi Diana:

      If he becomes a non-occupant cosigner, it would be factored into his debt-to-income (DTI) ratio as if he were making the payment every month. Therefore, it would lower the amount you could be preapproved for because you would be qualifying with that payment as well. Depending on the house you’re looking at, that may or may not be a problem, but at least you know where you stand.

      Thanks,
      Kevin Graham

  30. My x husband and I are good friends. I want to buy a home. Everything is good but one small complication, my x was willing to gift me the down payment and sign all papers explaining the “gift”.
    I learned the the gift has to come from a blood relative only. So now he will just cosign. All the docs are good for this small loan, will he be able to cosign due to the nature of our friendship? Or will we be told no because we are Divorced? We have all of out transactions documented showing how well he pays my alimony each month. However, we are still very good friends. Will this happen?

    1. Hi TW:

      There should be nothing that prevents him from cosigning. There’s no requirement that it be a relative. Hope this helps!

      Thanks,
      Kevin Graham

  31. Hello!

    I recently moved in with my aunt in California because her husband passed away and she was all by herself, and I left my mom and siblings back in Texas. My mom wants to buy a house in Texas, but makes a little under $20K a year with a 700 credit score. I make $50k with a 650 credit score and would like to know if our situation could qualify for the “non-occupant co-borrower” FHA loan listed above (with me being the co-borrower) even though I live in California.
    What would be best for our current situation?

    Thank you!

    1. Hi Diana:

      As far as I’m aware, there’s no requirement that the two of you be in the same state. Our Home Loan Experts know more and could confirm this for you. You can reach them by filling out this form or calling (888) 980-6716.

      Thanks,
      Kevin Graham

  32. My credit score is only about 570. My uncle has a score of about 700 and is wiling to co-sign for me. How would I even go about finding someone to work with me and find a home loan?

    1. Hi Josh:

      Having your uncle cosigning with you will help with your debt-to-income (DTI) ratio. However, for an FHA loan, you need a minimum credit score of 580. It goes by the lowest score of any borrower on the loan. The good news is you’re close enough that I think we can offer some tangible advice to help you get to where you need to be. I’m going to recommend you get one of our home loan experts a call at (888) 980-6716. They’ll be able to go deep on your situation and offer advice.

      Thanks,
      Kevin Graham

  33. Hello!

    My husband just got out of the military and started his own bodywork business that is going very well. We pay a lot in rent for our townhouse and I’d like to own a home. We were told that he needs to be in business for himself 2 years before we can even be considered for a loan. If his dad consigns a loan with us, would that remove the requirement? We have other sources of income as well such as disability and odd jobs so we would have no problem paying it. We live in Nebraska (if that matters 🙂 ).

    1. Hi Hannah:

      It’s not necessarily true that he has to be self-employed for two years. Having your father-in-law sign with you may help in terms of having more qualifying income, but every situation is different. I’m going to recommend you talk to one of our Home Loan Experts by filling out this form or calling (888) 980-6716. They can really go over your situation in detail and come up with the best options.

      Thanks,
      Kevin Graham

  34. My Dad is willing to co-sign as a non-occupant for a FHA loan for me. However, he doesn’t want his wife to know. Will her signature be needed at anytime? They live in Florida, I will be purchasing in NJ. They file jointly and they are married, and own their home in Florida. PLease advise.

    1. Hi Marie:

      That’s a good question. One of our Home Loan Experts would be able to help give you some guidance there. You can reach them by calling (888) 980-6716. I do know neither of those are community property states, so there’s no need for her to be associated with the loan, but I’m not sure about signatures.

      Thanks,
      Kevin Graham

  35. Kevin:
    I recently did some major (much needed) renovations to my mom’s house (as a surprise to her) figuring I would just consolidate my expenses into a home mortgage loan where I would make the payments on her behalf. Renovations are done (new roof, siding, gutters, windows, paved driveway, carpet, etc.) and now I am having a hard time getting anyone to consolidate the expenditures into a home loan for us. And, to be clear, we are not talking about a lot of money – $25,000. My mother is 80 years old and has no credit score — she owns her home outright and has never paid a bill late in her life, she just doesn’t use credit. Her home has been paid off since 1979. Her only source of income is her social security, which is more than adequate to cover her expenses and then some. Knowing it would be hard for her to quality on her own, I intended to be a non-occupant co-signor. I have an excellent credit rating (as does my husband). I’ve been told over and over that you cannot co-sign on a home loan – yet all the research I do on line tells me different (including this article). Is it possible they are discriminating because of her age? Your thoughts/recommendations are greatly appreciated. –Kathy

    1. Hi Kathy:

      Without knowing the content of your conversations, I can say based on what you’re telling me that I don’t think this is a case of age discrimination. If they’re telling you that you can’t cosign a mortgage loan – whether you occupy the home or not – they’re giving you the wrong explanation. I think there’s something else going on here.

      You can cosign a mortgage loan and you can do so as a non-occupant. The issue you’re going to run into with any lender is the fact that she has no credit. The vast majority of mortgages these days are backed by Fannie Mae, Freddie Mac or the FHA. They each have minimum credit score requirements that apply to all borrowers on the loan. The purpose of having a cosigner is to help lower the debt-to-income ratio of the clients because you can use the combined incomes in order to qualify. That won’t help you here with her not having a credit score at all. That said, I can understand not wanting to put a ton of effort into building credit when she’s 80.

      You do have a couple of options you could take a look at. You (and your husband if you wanted) could try to get a mortgage on the property. It would be treated as an investment property loan because you don’t live there. If you want to look into that option you can talk to one of our Home Loan Experts by filling out this form or calling (888) 980-6716.

      Because the size of the loan is so small, another option you might take a look at depending on which loan makes the most sense cost-wise is a personal loan. Our friends over at Rocket Loans handle those if you want to take a look at that.

      I really hope this helps!

      Thanks,
      Kevin Graham

  36. I’m a first time home buyer with credit of 740 with 3 credit cards but my longest credit card is almost 2 years. My brother will be consigning for a loan with me with credit score of 760. Will I still be able to qualify for a loan with just credit card credit or do I need an installment loan in order to qualify?

    1. Hi Emily:

      The requirements for the accounts and their types depend on the type of loan you’re trying to get. I’m going to recommend talking to one of our Home Loan Experts and they can more thoroughly go over your situation and all of your options. You can get into it with them by filling out this form or calling (888) 980-6716.

      Thanks,
      Kevin Graham

    1. Hi Janet:

      If you’re worried about them not making the payments, the only real advice I can give you is to really be able to vet the person you’re cosigning for and make sure you know how responsible they are financially.

      Thanks,
      Kevin Graham

  37. My husband and I are looking to buy a house and his mom is willing to cosign, but she lost her job in 2015 so she has a 1099 as of 2016. She makes quite a bit on rental property’s each month, but I know we are supposed to provide 2 years tax returns and w2s. Is there away around this with a 1099? Like wold we be able to do 1 year of a 1099 and 1 year a w2? Pr even just 24 months of her bank statements? Thank you so much in advance for your help.

    1. Hi Stephanie:

      We can look into your options. Every situation is different. I’m going to recommend you talk to one of our Home Loan Experts. You can do so by filling out this form or calling 888-728-4702.

      Thanks,
      Kevin Graham

  38. My sister and I would like to buy my mom’s house and rent it back to my mom. Should my sister and I cosign? Could all three of us cosign? Only my mother would be living there. She would like to access the equity to pay off medical debt. My sister and I have excellent credit, but my mom does not.
    Thanks
    Nathan

  39. I would like to co-sign a mortgage for my sister, would I receive copies of the Loan Estimate and other disclosures issued during the processing of the loan?

    Thanks

  40. I will be a 1st time home buyer and I have a FICO credit score of about 640. I just recently started my job due to a layoff. If my mom who had a credit score of about 740 and makes about $90,000 a year cosigns for me, will I be able to get a home loan? I found a fixer upper for about $35,000 and I am very interested in it.

    1. Hi Yazman:

      Every situation is different so I can’t give you specific approval advice on the blog. In order to get the best possible information, you should connect with one of our Home Loan Experts by filling out this form or calling (888) 728-4702.

      Thanks,
      Kevin Graham

  41. I am a first time home buyer and because of law school debt my current income is a third of my debt. I have a 740 credit score and my parents are co signing for the loan. They make collectively 50% more than the home I’m getting and have a paid off home three times the cost of mine. Even with my debt will I likely be approved?

    1. Hi Josh:

      Having your parents cosign will definitely help with your debt-to-income ratio. However, I can’t realistically answer your chances of approval in the comments section. For that, you would have to talk to one of our licensed Home Loan Experts. If you fill out this form or call (888) 728-4702, we can give your situation a more thorough look.

      Thanks,
      Kevin Graham

  42. I currently rent a home to a long time employee and his family. They would love to own the home and should be able to reduce their costs if I cosign. The home is valued at 170,000 I’d sell to them for 150,000 I owe 85,000 on the current mortgage. I’ve had it for 7 years or so. Can I consign under these conditions their credit is bad but their income should easily support the mortgage. I’d want the option to take over the mortgage should they default. They currently pay me 1000/month and have for 6 years.
    Thanks
    Ricky

    1. Hey Ricky:

      You should probably talk to one of our Home Loan Experts. There are multiple things you need to go over. Please have your employee fill out this form or call (888) 728-4702 and we’ll be happy to go over your options.

      Thanks,
      Kevin Graham

  43. I am a student looking to purchase a home this summer. I am willing to put down 25%-30% for a down payment. My problem is that I have no credit history due to the fact that I have only been on my own for the past 6 months. I currently rent an apartment, but I paid upfront cash for the entire year at the beginning of my lease. I’m not sure if this will help build my credit at all since I did not pay month to month. So now I am looking to see if my mother would coborrow for me. Will my down payment help heighten my chances of getting a loan? Or is my best bet to have a coborrower with established credit?

    1. Hi Mekayla:

      Even with a co-borrower, you’re going to have to have some kind of credit history before applying for a mortgage. If you paid up front, you don’t have a rent history, and it’s not helping. You should probably get a credit card or two. Since you have no credit history at all, it’ll probably be easiest to get a card that’s secured by your own funds to start. After you’ve had that for a few months, you can look at getting a more traditional credit card. Keep the accounts open and use both and just keep paying the bill. It also usually helps to go for something like a car loan before trying to get a mortgage because it’s a lot smaller amount and the mortgage lender will see how you handle paying off debt. I realize that what I’m telling you probably won’t help you get a house in the next six months, but it takes time to build up a credit history. Here’s a blog post on getting started with credit. Hopefully, this helps you get started on the right path.

      Thanks,
      Kevin Graham

  44. I will co-sign a mortgage & be on the deed for my son to purchase a home priced $576,000, $422,000, loan amt $144,000. My income is great, my son’s debt ratio is 43%. All else is fine. The lender indicates because I will not be occupying the home they cannot count my income. does this make sense.

    1. Hi M:

      There could be something else I’m missing here, but we don’t have those restrictions. You should be able to contribute income as a non-occupying co-client. I’m going to recommend you and your son talk to one of our Home Loan Experts by filling out this form or calling (888) 728-4702.

      Thanks,
      Kevin Graham

  45. My closest friend (she’s like my sister) asked me to cosign her for buying a house. ‘m wondering if it is possible only myself (my income) to cosign for the loan, without including my husband’s income & credit. We just bought our house, and the loan it’s only under his name. But during the process, the bank asked for my income, some kind of permission, signature, etc. FYI, my husband and I have shared bank accounts and we file our tax as married filing jointly. This is why I’m wondering if it’s possible only me to cosign.

    1. Hi Riris:

      It’s always possible for you to be the only one to cosign. What really matters is whether you’re in a community property state and the type of loan they are getting. If they get an FHA or VA loan in a community property state and you cosign, they have to take a look at your husband’s income and debts and include that in the calculations. In a community property state, if you have obligations that you cannot meet, in many cases the spouse is responsible. That’s why they ask for all that information. It’s worth noting that this doesn’t necessarily apply if they’re getting a conventional loan.

      Thanks,
      Kevin Graham

  46. My husband and I had one late mortgage payment due to a total mistake in our bank account. We fixed the problem ASAP, are current on our mortgage, and have never had a late payment in 12 years until now. We are not able to get a loan for another year because of it. We gross $160,000 a year! It made our credit score plunge and there’s nothing we can do about it. We’re trying to get a new home loan. Can we do it with our parents as a co signer?

    1. Hi Kathleen:

      We can certainly look into your options. You can get in contact with us by filling out this form or calling (888) 728-4702. One of our Home Loan Experts will be happy to go over your situation.

      Thanks,
      Kevin Graham

  47. My question is, I am a first time home buyer with awful credit. My dad has offered to cosign for me on buying a home. However he plans to start buying a home for himself within the next 3-5 years. If he is a non occupying cosigner on my loan, will this effect him getting into his own home later on if my loan is still open?

    1. If your father cosigns with you, it would affect his debt to income ratio which has an effect on how much he qualifies for if he buys a house in the future. However, you can agree to refinance him off when you’re in a better position to qualify. The bigger problem you’re going to have is that lenders require a 580 credit score from the lowest credit score borrower on the loan. I’m going to recommend you check out QLCredit to get a look at your credit report without having it affect your score. The site will give you personalized tips. Hope this helps!

  48. My parents want to purchase a house with 50% down payment and have credit scores above 700. The problem is they have no income and plan to get jobs after they purchase the house. They are relocating from another state. Can they get a loan?

    1. Good evening, Sheila!

      As you know, there are many factors in getting a mortgage. Your parents are going to need to speak with one of our home loan experts to see what they are approved for. Give us a call at (888) 635-1576 and we can see what we can do to help.

      Have a great night!

      Kollin Currie

  49. My parents want to purchase a house with 50% down payment and have credit scores above 700. The problem is they have no income and plan to get jobs after they purchase the house. They are relocating from another state. Can they get a loan?

  50. Me and my bf are looking into buying a house for $65,000. My credit score is 757. My bfs credit score is 647. He has three negatives items on his credit (small balances). We are working on paying it off. I spoke to one rep that said we couldn’t be approved because we havent been at our jobs the required length of time. Together our income is about $2600 monthly. My grandmother said that she would co sign with us? How likely is it that we could get the loan?

    1. Hi Chelsea:

      It’s not really possible for me to give you this kind of advice in the comments because every situation is different, but if you talk to one of our Home Loan Experts and explain your situation, they’ll be able to give you more guidance. Please fill out this form or call 888-728-4702 and we would be happy to speak with you.

      Thanks,
      Kevin Graham

  51. If a loan is granted with a cosigner, would they be able to get off of the loan later or before the loan is paid off? Or how could they get off of the loan? Would a refinance help?

    1. Hi Kainoa:

      If you get a loan with a cosigner, you could refinance them off the loan down the line when your situation changes. I hope this helps.

      Thanks,
      Kevin Graham

  52. I am trying to get a loan for a house that my parents will be co-signing with me. I have a pretty small income (family of 4 on about $25k), but a great credit score (720+). My parents have a higher income and excellent credit as well. I can’t afford much of anything for a down payment. We already have the house (it’s owned by family), and just need to repay the purchase price of about $160k. Are there any options out there for me???

    1. Hi Katie:

      We can certainly help you take a look at your options. I’m going to recommend you talk to one of our Home Loan Experts to go over your situation in detail and see if we have anything that matches your needs. You can get in contact with them by filling out this form or calling (888) 728-4702.

      Thanks,
      Kevin Graham

  53. Will a Non-Occupant Co-Borrower obtain a better interest rate on an FHA loan?

    Example: Primary borrower has low credit score/thin credit. Would adding a co-signer with excellent credit result in a lower interest rate?

    Hypothetically, if the primary borrower with low/no credit is approved at 6%, would adding a co-signer (with excellent credit, income, and assets) play a factor in obtaining a lower rate?

    1. Hi Anna:

      So a few things here. If the borrower has no credit or a lower credit score than 580 on an FHA loan, we can’t do the loan even if they have a cosigner because we have to look at the lowest available credit score. That said, assuming they meet minimum qualifications a cosigner could help because the DTI would be lower in that instance.

      Thanks,
      Kevin Graham

  54. Hello my name is Leury.
    I am trying to purchase a condo or a small home with a loan ranging from 75-95K.
    Here is the issue I’m encountering.
    I am a non-resident alien, I am only authorized to work.
    I make 63K a year, and I’m married to a citizen.
    My score ranges from 730-740’s. My wife’s scores range from 720-730’s. My wife has no work background, she is a “stay-at-home-mom”.
    I tried getting a loan before, i was approved until they finished asking me about my legal status here in the U.S, then i was quickly dismissed/rejected.
    Can my wife get a loan with no work background or annual income?

    1. Hi Leury:

      So your wife can’t get a mortgage with no income or work history. That being said, we could certainly help you locate your options. Depending on your work authorization, it may be worth taking a second look to see if we can help. Every situation is different. I’m going to recommend you talk to one of our Home Loan Experts by filling out this form or calling (888) 728-4702.

  55. I’m going through a bankruptcy but my husband has a credit score of 630-650, he has a co signer, how much should we expect to have saved for a down payment? 20%? Or can we get away with less ??

    1. Hi Stephanie:

      You may be able to make a 5% down payment. The down payment is one of the factors that determine your rate, so higher is better if you can do it. You also have to pay for mortgage insurance with a down payment of less than 20%. That said, a higher down payment is not required for a primary property. I’m going to recommend you talk to one of our Home Loan Experts to discuss your options by filling out this form or calling 888-728-4702.

      Thanks,
      Kevin Graham

  56. Hi,

    Are 30 yr/fixed Jumbo loans with 20% down available for two borrowers where one is a non-occupant? Are there any restrictions on non-occupancy at all with Jumbo loans?

    Thanks.

    1. Hi John:

      Unfortunately, we only offer jumbo loans with a nonoccupant if it’s a VA interest rate reduction refinance loan where the co-client was already on the existing loan or title. I’m sorry, but I wish you luck.

      Thanks,
      Kevin Graham

  57. I HAVE A CREDIT SCORE OF 561,& make about 52,500 a year. Cosigner scores in the 700’s high end , makes less . how could we work this ??

    1. Hi Mike:

      When investors are working at your credit score for the purposes of mortgage qualification, they look at the lowest credit score of all borrowers on the loan. Essentially what this means is that we need to get your credit score up to 580 before we can start looking at your mortgage options. The good news is that credit can be worked on. We have a service in QLCredit where you can pull your own credit without affecting your score. When your credit is pulled, you’ll get personalized recommendations on things you can do to improve your score. This should give you some concrete next steps.

      Thanks,
      Kevin Graham

  58. I’m in a unique situation I would think and need some advise.
    My employer wants me to move closer to work.
    I am his general manager and run his company.
    My girlfriend and I are on board and have found a few houses. Around 165k we have around 15k to put down
    My income is 100k salary but due to a divorce with 2 repossessions my credit score is below 500.
    My girlfriend has a credit score for 615 but only makes 15k a year.
    My boss said he would co sign or the company would buy the house or he would buy the house and I’d pay them back but he would rather co sign.
    We have around 4 mil in a local savings bank and around 60mil in another.
    Would going through one of those banks work better, how should I approach this
    Thank you for any help in advance

    1. Hi Ross:

      Unfortunately, often times when you get a mortgage, it’s almost immediately sold to outside investors and insured by the FHA, Fannie Mae, Freddie Mac, etc. In order to insure the mortgages, these groups have strict requirements including minimum credit score and they go by the lowest score on the loan. You need to get up around 580 in order to qualify for an FHA loan. Cosigning would only help with DTI. I’m going to give you a blog post with information on how you can get your credit score up and also put you in touch with our friends at QLCredit. However, if he wants you to move in the immediate future, your best option may be to have your boss buy the house to your options could be pretty limited right at this moment.

      I hope this at least helps give you an idea where you stand.

      Thanks,
      Kevin Graham

  59. Hi,
    My fiance and I are looking into purchasing your first home both of our credit scores are around 640- 660 and they are continuing to get better the problem I have is our income we own a business we do our own paperwork and our business income fluctuates year-to-year would it be helpful for us to seek a cosigner such as my grandparents to help us qualify for a home? With our income I am sure will not qualify for the size home that we require for our family. Also a bigger problem would be that my fiance has a judgment on his credit for $7,000 is that something that will be an automatic red light for lenders? (It’s not legitimate, that’s why we have not paid it, it’s a disgruntled previous employer)
    Thank you!

    1. I would talk to someone before making any decisions, but if you think documented income will be an issue, you can certainly take a look at having your grandparents cosign. In terms of the judgment, that’s something where if it’s not really legitimate, you should probably look into challenging legally. In any case, I recommend going ahead and talking to one of our Home Loan Experts to get advice on your situation. You can reach out online by filling out this form or call (888) 728-4702.

      Thanks,
      Kevin Graham

  60. My husband and I have been approved for an Fha loan. We are currently have a contract contingent on Selling our house. Nothing is happening. We were told today we wouldn’t be able to rent our house due to new Fha rules. We have great credit score and income but have a bankruptcy that has been discharged. So we need to stay with Fha. If we got a co-signer could we then qualify to hold two mortgages and then rent out our home since the new mortgage then wouldn’t be dependent on the sale or rental income of our current home. Thanks!

    1. Hi Julie:

      I’m not familiar enough with the rules to answer that question. I see that you’ve inquired with us and I’m going to get you to someone who knows more information on FHA than I do.

      Thanks,
      Kevin Graham

      1. That’s ok. I have a mortgage person already was just looking for an answer tonight if possible. Thank you for the quick response.

  61. Hi,
    Me and my husband have excellent credit history 750+. We already own a home but we are looking to be co-borrower for my mother in-law who is moving from overseas and have not credit history. She has some retirement and rental income. Would there be any issues in this kind of situation?

    1. Hi Yusha:

      So when someone has no credit to begin with after moving from overseas, things get a little complicated. The best next step for you and your mother-in-law would be to talk to one of our Home Loan Experts. You can do that by filling out this form or calling (888) 728-4702. We can go from there with you.

      Thanks,
      Kevin Graham

  62. My husband and i are looking to buy a $165,000 house but our credit scores are both under 500. I was wondering if my grandparents could co sign to help us buy since their credit is in the 800 range. They are retired and our income is about $30,000 annually. Our DTI is less than 40% but our payment history is very shaky right now because of past unemployment. Are we just shooting for the stars on this one?

    1. Unfortunately, we are required to look at the lowest credit score of all borrowers on the loan, so you would need credit scores of at least 580 before we can help you. The good news is credit can be worked on. We have a service in QLCredit where you can get a look at your credit report and score. More importantly, you can get personalized tips for how to improve it. Hope this helps!

      Thanks,
      Kevin Graham

  63. I’m looking into buying a home here in Texas at $138,000 with a 3.5% down pymnt, however I was told by 2 different loan officers that my dti is what’s hindering me. I have an auto loan that one loan officer suggested I pay off and would increase my loan amount significantly(if I had that kind of money that would have been the option). However my dad is willing to cosign for me but his credit score is 556 and he only has 3 open accounts a $383 car loan and $660 of debt( I pulled his credit) and he has a steady VA income of 2201.00 per month. I’m afraid that with his credit score yet again I wont get approved for the FHA loan, please help?

    1. It’s really best if you speak with one of our Home Loan Experts regarding options that might be open to you. The best way to do that is to fill out this form or call (888) 728-4702. I can tell you that I don’t advise adding your dad to the loan because the minimum credit score for an FHA loan is 580 and lenders are required to look at the lowest credit score of all clients on the loan when qualifying.

  64. I am interested in buying a house using an fha loan I have a good credit score but my debt to income ratio only allows be to buy a cheap house and I was wondering if my grandma could non occupant co-sign and I use her income to get a bigger loan

    1. Hi Laura:

      It’s possible to do that with FHA, but you need a 620 credit score. At that point, it would be worth it to take a look at conventional loans because you might be able to get better terms. I’m going to suggest talking to one of our Home Loan Experts. You can get in touch by filling out this form or calling 888-728-4702.

      Thanks,
      Kevin Graham

  65. I have about $160K in federal student loan debt and about $160K in private student loan debt. My federal loans were in default but now are not. My private are in default but we are working towards a payoff plan.

    My income is $135,000 annually base, plus about another $20K or so in bonuses or other referral income for cases I referred to other attorneys (I am an attorney).

    My credit shows that I pay all other debt timely about 98% of the time.

    My tenancy is documented and can be proven as being on-time for the past 5+ years at between about $2,400/month to $2,500/month.

    My credit score is about 560.

    If I were to have a cosigner or co-borrower (parent or in-law(s)), either with perfect or near perfect credit, could I qualify for a mortgage for a home in the $375,000 range with 3.5% down? How much would I need for closing costs? How much would the typical interest rate be (assuming a cosigner/co-borrower with a credit score of 800+?

    Thank you for any input/assistance!

    1. Hi Jon:

      You have to get your credit score up just a little bit to 580. Even if you have a cosigner, all major mortgage investors including Fannie Mae, Freddie Mac and the FHA require that lenders look at the lowest median credit score of all clients on the loan. That said, it sounds like you’ve already taken steps to start trying to improve your credit. I’ll have someone reach out to see about providing advice.

  66. I am ready to buy, however my mean credit score is terrible, my Mom has since offered to cosign, as she has excellent credit. I was told buy a mortgage broker that I have zero options until my personal score is at least a 580. He stated that it doesn’t quite matter what my cosigner’s standing is, as I will not be approved initially for any loan (FHA or traditional). Any advice?

    1. Hi Kelly:

      Unfortunately, the mortgage broker is correct. When looking at qualifying your credit, lenders are required by all major investors to take a look at the lowest median score for all borrowers on the loan. The only thing having your mother cosigning would do is potentially help with the debt-to-income ratio because her income would be added.

      This article has some tips on how to rebuild your credit and you can always get in touch with one of our Home Loan Experts at 888-728-4702 to try and go over your situation and see if we can help with any personalized tips.

      Thanks,
      Kevin Graham

  67. I am currently in a land contract and the balloon payment is up. My credit is still not where it needs to be in order to quantify for a mortgage. My father in law has agreed to either co- sign for me or attempt to purchase the property himself, but he has his own mortgage and a rental property he owns. What are the odds of him being able to help us if he’s on a fixed income?

    1. Hi Richie:

      It may depend on where his debt-to-income ratio stands. I think the best thing for you to do would be to talk to one of our Home Loan Experts and go over your situation. You can do that by either filling out this form or calling (888) 728-4702. They’ll be able to look into your options more thoroughly.

      Thanks,
      Kevin Graham

  68. I’m looking to buy a home I have money to put down and have decent credit. I need a cosigner due to the fact that I get paid off of commission and been doing it only for a year.. My question is could my dad cosign for me if he just forclosed on his home?

    1. Hi Danielle:

      Unfortunately, your best option may be to find another cosigner. Since he has a foreclosure on his record, we wouldn’t be able to help you until at least a year from the foreclosure date and you wouldn’t have many options before three years. Hopefully, this at least gives you an idea of where you stand.

      Thanks,
      Kevin Graham

  69. Hello,
    I’m willing to be a co-borrow for my daughter. We both have great credit. We have already be approved for a FHA loan. I was given more paper work which included an Occupying Afidavit and Finacial Status. Signing this would say I will be occupying the home. Which I will not. The lender knows this. When I asked he said this is normal paper work. I don’t feel comfortable signing knowing I won’t be living there. Also looking through all the papers I don’t see anywhere staying I am non-occupant co borrow, just borrow. Is this the correct way it is done? Thank you

    1. Hi Kelly:

      I definitely wouldn’t sign anything you’re not comfortable with. Depending upon the way it’s written, there may be legal implications. We would be happy to provide a second opinion. I recommend you talk to one of our Home Loan Experts by filling out this form or calling (888) 728-4702.

      Thanks,
      Kevin Graham

  70. Hello, I am looking into FHA loans to buy my first home, but, I have really bad credit history. I got into some financial hardship in my early twenties and have been stuck in a rough loop since. I am almost 30 now, and still my credit stinks. I do have in laws who are willing to cosign, but I guess my question is, do you think it would be better to just let my in laws buy the house and we can set up a rental type agreement for us to pay the monthly mortgage to them and then they can pay the bank? Is there any reason that would not work? Thanks for your help.

    A

    1. Hi Allie:

      The problem you’re going to run into doing that is that your parents would be paying a higher interest rate because it would be considered an investment property if they’re not living there as the only ones on the loan. I’m going to recommend you talk to one of our Home Loan Experts to better go over all of your options. You can do that by filling out this form or calling 888-728-4702.

      Thanks,
      Kevin Graham

  71. I’m looking into buy a condo I currently live in but due to bad credit and a past bankruptcy I am not able to get a loan at this time by myself. So looking into getting a cosigner but I have no family and friends are not in that position. Is there a service I can buy to get a cosigner or company that can help me out. Please need help

    1. Hi Danielle:

      I know there are peer-to-peer lending services, but I can’t think of any that will cosign a mortgage as that’s a bit different than standard personal lending.

      Thanks,
      Kevin Graham

  72. This is my first time doing anything related to home buying. My current landlord wants to sell, we want to buy. I do not have good credit but my parents are willing to co-sign. What are the steps I need to take? I am a bit lost and don’t have a whole lot of time before they offer it to someone else. Any help and/or advice would be very much appreciated.

    1. Thanks for reaching out, Julie. A good first step is going through Rocket Mortgage. You can enter your information there and chat with a home loan expert whenever you have questions. They can help look at your credit situation and provide the best possible suggestions. Thanks and best of luck to you!

  73. I have what is marked as “poor credit”. I only have around $2000 worth of school loans left. What is good about my situation is that my fiancé and I both have FT incomes, hardly a lot of debt. I have a family member that could co-sign, and I have money to put down as a down payment, but am I being unrealistic in trying to get a mortgage? I feel like a loan specialist would look at me and laugh! Any advice helps.

    1. Hi Dana:

      I can’t comment on your chances for mortgage approval because that would be something a mortgage banker would have to take a look at and see if we have a program that makes sense for you. If you go ahead and fill out this form, we can have a licensed mortgage banker reach out to you.

      Thanks,
      Kevin Graham

  74. My husband was pre-approved for a $360,000 FHA loan. The mortgage broker said we were golden, we only needed the 3.5% down payment. We found a house, put a offer in and was accepted . Now the broker is saying oops his DTI ratio was 1% off and we have already paid for inspection, put out good faith money down. The lender said well let’s put you on there because your income is great, I told him my credit scores are horrible , he said oh don’t worry I will fix it. Found out Friday he gave it to another broker. Bc he can’t make it happen, even told my hubby to pay off a $5,000 credit card bill, we did. Now told us tonight he can’t do it???!!! Ugghhhh I am soooo depressed and feel like we have been lied too after $9,000 out of pocket . I have a cousin with a 760 credit score, she’s not sure of her DTI ratio, will underwriters look at that? She makes great money as well. If she’s a consigner will she have to remain on the fha loan the entire life of the mortgage ? We are so confused , frustrated and feel like we have been taken advantage of. Any suggestions?

    Thank you,
    JGWRNCHPN

    1. Hi Jani:

      I can definitely answer the first question. If your cousin were to cosign with you, lenders take into account all the borrowers on a loan including cosigners. Also, she doesn’t have to be on the loan forever. You can always refinance when you get your credit in order and take her off. For the rest of this, it’s really best that you talk to a licensed mortgage banker. I have a couple of options for you. If you send us an email at Michelle@quickenloans.com with your full names, any preferred contact information and the state in which you’re looking to buy, we can put you in touch with someone who can dig in your situation and look for options. If you prefer to get started over the phone, please call 800-251-9080. Either way, we can certainly have someone take a close look at this and see if we can help you accomplish that big house purchase.

      Thanks,
      Kevin Graham

  75. I am wondering what, if any, options for a mortgage are available to me.

    I have been a stay at home mom for 10 years.
    I am going through a divorce.
    I currently own a home and have never missed or been lat with a payment in 14 years (both my husband and I on mortgage and deed) but I will be removed from both as soon as the divorce is final.
    I will be a full time student beginning 9/2016
    I have about 5k in the bank.
    I have a 730 credit score.
    I will likely have a 10% down payment.
    I will be receiving child/spousal support and that will be my primary source of income until my degree is completed in 10/2018.
    I have a family member willing to co-sign if they are eligible to do so.

    1. Hi Michelle:

      I have a couple of options for you. You can get started looking at your options online by going through Rocket Mortgage. If you have any issues or questions, you always have the option of chatting or calling one of our Home Loan Experts. If you prefer to get started over the phone, give us a call at 866-344-6606. We can definitely look into your options.

      Thanks,
      Kevin Graham

  76. Could you have someone contact me? I’m interested in a FHA loan, my credit is sub par due to never having credit and credit inquiries. My grandfather has agreed to co sign on a loan with my fiance and I.

    1. I can absolutely have someone contact you. However, you may need to build that credit score up first. Here’s a blog post with more information. Someone will be reaching out to go deeper into your personal situation.

      Thanks,
      Kevin Graham

      1. Hi Kevin – I’m finding conflicting information about non-occupant co-signers for conventional loans. I was told that the rules for conventional non-occupant co-signers are the same as those for FHA loans. Is that true?

        Also, for Multi-family properties (purchased with conventional loans), would the downpayment still have to be 25%, even though the main loan applicant (me) would be occupying one of the units?

        Thank you for any help!

        1. Hi Katie:

          The rules for non-occupant cosigners are different for FHA and conventional loans. I’m going to have a Home Loan Expert reach out to go over any specific questions you may have on this front.

          In terms of down payments on multiunit properties, you can get a loan from us for as little as 3.5% down on a two-unit FHA loan. More units require a down payment of at least 20%.

          Hope this helps!

          Thanks,
          Kevin

  77. My husband and I spoke with a lender who said we were pre approved for a mortgage of 65,000. Once we brought his income documents he said we were no longer eligible. He said his credit score is good and his income was good but they said his taxes showed he wrote off 12,000 in expenses. We brought the last 3 yrs taxes to prove that 2015 expense of 12,000 was a one time thing but the lender said they are asking for proof. We don’t have proof. They stated his 2015 taxes show he made 23,000 on his 1099 form and if he had 12,000 in expenses so in their eyes We make enough. My husband drives a taxi and the 1099 form only shows the credit card income not his cash. I’m just really upset with everything because we’ve tried 3x to get a mortgage over a course of 6yrs and it’s always something negative that eventually comes up. I’m not eligible to be on the loan even though I work and hv a steady job with a billing company and its because of my bad credit. I hv defaulted student loans and old medical bills my current score is 540. I did rehabilitate my 07 loans and a new lender took over my loans in June I made my first payment June 25 2016. My credit doesn’t reflect it yet and the department of education said it could take 30 to 60 days to show good with the credit bureaus.My 2008 student loans I just started the rehabilitation program and I hv 8 months before those are out of default and made my first payment with this June 28, 2016. The lender said I need to pay old medical bills and try to settle to see if my score will jump up to 620 by July. That seems impossible and I don’t hv extra money to pay those it’s about 3,000 medical debt and a credit card he said I should pay 2,000 and by July 2016 it should put me at a 620 score. If I pay that money I will be tapping into some of my down payment money. I seriously doubt my score will bump to 620 in 30 days that’s unrealistic to me. To top things off the lender gv our realtor the pre approval letter before seeing our taxes and our realtor already submitted our 1,000 earnest money and signed contracts to the bank. Luckily it’s a foreclosed home which means it could take months before we hear if they accept our offer of 65,000. I just need some really good advice and want to know if there is help we can get before the forclosed home bank responds. Sorry this was lengthy I really just want to know if we can get my husband approves at this point. By the way his score is 620 ,633 and 650 with the 3 credit bureaus and the loan is a fha loan. Thank you in advance for any help you provide and my monthly income before taxes is about 2,300

    1. Hi Jaime:

      That is a difficult situation, but I’m going to have one of our Home Loan Experts reach out and offer any possible advice on any options you may have. Thanks for reaching out!

      Kevin Graham

      1. I was wondering how i can get some advise on some ideas on some mortgage options. I bought my last house about 13 years ago when i was single, i know that times are very different now-never paid late and made every payment. We sold it about 2 weeks ago so that we could feel secure it would sell and i really thought it would have taken longer-that being said…we are now in a rental that i can’t stand because i was just in my owned home and now i am paying someone else’s mortgage. I have also acquired some debt in the meantime that i have gotten personal loans for that i am now paying off consistently and moving those numbers downward but I know my DTI ratio will probably be to high. Unfortunately, i will have to probably get the next mortgage on my own again because my husband is self-employed. I make decent money on paper and have the 20-30% down payment we need but am nervous i will have to jump through hoops to get new mortgage for the size house i would like. My husband of course makes great money but does not reflect on our taxes so i don’t think i can use him on the loan…would it be better to get a co-signer and then ultimately one day buy the house from the other person? Looking for advise that is realistic and something i can have a timeline for so i can stop stressing and see some kind of light at the end of the tunnel…thanks so much.

        1. Hi Gab:

          We can look into whether it makes sense to include your husband on the loan. There’s definitely some different documentation required for the self-employed, but we can help you look into all your options. I think it’s best I put you in touch with a Home Loan Expert to go over your personal situation. They’ll be reaching out. No need to stress. This is what we do.

          Thanks,
          Kevin Graham

  78. I am self employed as many on this thread are and have the same problem of my AGI being lower than what my actually income is. I spoke with a local mortgage representative and they told me only family members are allowed to co-sign is this true? I can come up with a DP of 20-25%. Any help would be appreciated.

    1. We’re going to have one of our home loan experts reach out to you, Tony. They’ll help you look at your options. Thanks, and best of luck to you!

  79. I am moving to another state and my aunt is going to co-sign a home loan for me. I do own a house and have never been late on payments but because of a bankruptcy 4.5 years ago my credit is still not where it used to be and I also will not have a job as soon as I get there. What do I need to do to get started to be pre-qualified for a home loan so when I get there I can start the process of looking for a house. She lives in another state so everything will have to be handled by mail and may take longer, so I would like to get started sooner rather than later. How can I search for a lender before I move. Thanks.

    1. Hello, Janeen. I’m going to have someone reach out to you about your mortgage options. Thanks for your comment!

  80. My husband and I are in the middle of a chapter 7 Bankruptcy. Our home was foreclosed 2 years ago. My brother-in-law was very gracious and got a mortgage for our current home. The mortgage is in his name, but we make the payments. We have not missed or been late on the mortgage for 2 years. However, our payment has increased $300 per month due to property taxes. The taxes are for investment property as oppose to residential. My brother-in-law is willing to “cosign” a mortgage for us, or put us on the current mortgage to change the tax rate. Is this possible?

    1. Hi Kelly:

      Unfortunately, you really don’t have an option until the bankruptcy is discharged. After that, there’s a waiting period that depends on the type of loan you’re looking at. I can have someone reach out to you with a timeline of how this works.

      Thanks,
      Kevin Graham

  81. My wife and I are looking to purchase a home. We are working with a lender currently and already have a home selected. Our credit is 620, but due to my student loans we required a cosigner.
    My mother is willing to cosign for us on an FHA mortgage, but she has not filed her 2015 taxes. She will be filing them tomorrow, but the mortgage broker is looking for the tax documents from hwr. If she files tomorrow and we provide pdf documents, will this be an issue?

    1. Hi Carl:

      We can’t comment on the specific policies of another lender, but maybe we can talk to you about the type of documentation that’s usually necessary in these situations and what forms of it are suitable. I’m going to have someone reach out.

      Thanks,
      Kevin Graham

  82. My husband is going through a short sale on a house we moved out of a year ago. My name was not on that mortgage. Now we have been paying rent $2500 monthly for the past year. It’s killing me to pay all this rent money when it would be so much cheaper to buy and pay a mortgage. My credit score is 642 but I don’t qualify for enough money to buy the house size we need. Looking at a $320k house and putting $35k down. Is there anything I can do to get a higher loan by myself since I can’t use my husband’s income due to the short sale.

    1. Good morning, Sherri. I’m going to have someone reach out to you about your options. They’ll send you an email and walk you through your options. Thanks for commenting and have a nice day!

  83. I am trying to purchase my current home. My grandmother reversed and the bank is willing to sell the home to me for 95% of the appraised value. I was in touch with one lender that would not allow my brother to so-sign with me. My credit is 643 and I have a decent income, but I have a bit of student loans.

    Can you help?? I have 3-4 months since the bank is also in proceedings to be granted a public sale date and I would need to close before that day.

    Thank you!

    1. Hi Michelle:

      Every situation is different, but we would be happy to look into your options with you. Someone will be reaching out.

      Thanks,
      Kevin Graham

    1. Hi Drew:

      We have some loan options for people that are applying with a cosigner. I’m going to have someone reach out. Have a great day!

      Thanks,
      Kevin Graham

  84. I am trying to purchase my home (currently on land contract), but my credit is not good enough. My in laws are willing to cosign,but I can’t find a company that wants to help. Any info is greatly appreciated. Thanks in advancd.

    1. Hi Laura:

      I’m going to have someone reach out and help you look into your options. At the very least, we may be able to give you some advice.

      Thanks,
      Kevin Graham

  85. I want to purchase a mobile home/stationary RV with a small lot of land. My credit is poor because of student loan issues. I only need $30,000 and my Mother, who lives with me is willing to cosign with me. What kind of loan would I need – mortgage, RV or miscellaneous and would I have any trouble financing for at least 15 years?

    1. Hi Kimberly:

      Unfortunately, we don’t do loans for mobile homes. Your loan amount is also small enough that you may have a hard time finding a lender that will give you a mortgage. Your best bet may be to go with a personal loan. One thing I will say is that not every personal loan company offers the ability to apply with a cosigner. You may have to do a bit of shopping around. I hope this helps!

      Thanks,
      Kevin Graham

  86. I was told if my dad cosigns for me an fha loan wouldnt be approved because they use the lower credit score. Why then even offer to use a co-signer if the lower credit score would be used?

    1. Hi Tracie,

      Having a cosigner can help because you can use their income to qualify. I’m going to have someone reach out to you to offer any advice we can give and go over any options that may be available to you.

      Thanks,
      Kevin Graham

  87. I would like to know if it’s possible for my mother to qualify for a FHA loan using her credit, but using me and my husbands income.

    1. Hi Belinda:

      Every situation is different, but I’m going to have someone reach out to you to go over any options you may have.

      Thanks,
      Kevin Graham

  88. I would like to purchase a house for 77.500
    My mother would like to cosign, and my credit is not good. Is there any way for only her to be on the loan without me?

    1. Hi April:

      I’m going to have someone reach out to you about this. My concern is that if you’re not on the loan, it will probably be considered an investment property for your mother. Those come with higher rates of interest. Someone will be in touch to go over your options.

      Thanks,
      Kevin Graham

  89. After reading the questions/comments on this blog, I would like someone to contact me regarding an FHA mortgage.
    Thank you.

  90. I want to purchase our family home. My parents have died and we are waiting to get through probate. My brothers support this decision. I’m order to live there I have to change jobs which I have one that will start in two weeks and I have given notice at my current job. I have a credit score of 695 and I can put 10% down when we purchase the home. If I can’t because of a new job I have a brother with excellent credit and cash flow that will cosines for me. Is this possible or am I unrealistic.

    1. Hi Brent:

      We can definitely help you look at all your options. You have multiple factors at play so I’m going to have someone reach out and look into your situation.

      Thanks,
      Kevin Graham

  91. I would like to know if it’s possible for my fiance to buy a home using her credit, but use my income without me being on loan?

    1. Hi Manuel:

      Every situation is different, and we would be happy to have someone look into your loan options with you.

      Thanks,
      Kevin Graham

  92. Hello Kevin,

    I understand what a non occupying co borrower is but I have a few questions.

    1. If you have 20% down and need a non occupying co borrower to help with the DTI what percentage will the mi be?

    2. What is the amount of time that the non occupying co borrower is required to stay on the loan? Can they get released from the loan after a certain period of time?

    Thank you and I will look forward to your answer. Monica

    1. Hi Monica:

      In terms of the first question, mortgage insurance rates typically are dependent on the size of the down payment and your loan-to-value ratio. As for the second question, the co-borrower can come off the loan at some point, but I’m going to have someone reach out to you regarding how your loan qualification is reevaluated at that point. They’ll be in contact.

      Thanks,
      Kevin Graham

  93. Kevin,

    I want a loan co-signed with my dad.

    My Credit Score is 811, my Dad’s is 850.

    I own investment vehicles so my taxes show little income which is is is why I want my dad on the Loan.

    We’re looking at buying a $500K house. I can put any down payment amount down – as needed.

    If my dad co-signs, I can live in the house, pay the mortgage, and write-off the interest – Just as if took out the loan myself?

    Or does the loan have to be treated as an “investment property” loan and my dad would have to “rent” the property to me?

    Thanks.

    Eric

    1. Hi Eric:

      If your dad cosigns with you, you can live in the house and paid taxes on it as a primary residence. It’s not an investment property if you’re also on the loan. Hope this helps!

      Thanks,
      Kevin Graham

  94. I am seeking a $40,000 mortgage on an $80,000 single family home. (50% down payment) I will occupy. I am credit challenged (600 ish) due to chapter 7, 18 months ago. My Brother is co-buying with me, or co-signing for me, whatever is required or most advantageous. He has top tier credit. How should we proceed in order to receive the best interest rate and fastest approval? Should I start an application myself? Does it matter who is “first” on the mortgage? (Is that a thing?) Thanks.

    1. Hi Garett:

      I’m going to have someone reach out to you about this, but ordinarily with a chapter 7 bankruptcy, you have to wait at least two years before applying for an FHA loan. I’m going to have someone reach out to you because you mentioned cosigning with your brother. There may be an option if he applies on his own, but they can go over this with you.

      Thanks,
      Kevin Graham

  95. HI,
    My wife and I want a house and my father in law wants to help but obviously not have the loan count as an investment loan that requires a 20%-25% down payment. Is this the best option to have little to no down payment? He was hoping to buy the house and we make the payments but we’ve been told it would count as an investment loan. how can we make it more manageable with a lower down payment to no down payment if required

    1. Hi Fernando:

      You may be able to accomplish your goals by having your father-in-law cosign with you and you would actually be the ones to own the house, but I’m going to have someone reach out and go over your options.

      Thanks,
      Kevin Graham

  96. I am looking into having my father co-sign a mortgage but someone said that if he signed, his wife (My step-mother) would also have to cosign because they are married. Is this true? He has co-signed for me for multiple apartments before and she never had to sign too. Something about it seems weird to me.

    Thank you.

    1. Hi Shyane:

      The only way I can see that coming into play is if you live in a community property state, but I’m going to have someone reach out and help you look into this. They’ll be in contact.

      Thanks,
      Kevin Graham

  97. I would like to do the opposite. Are there any other hoops to jump through to take someone off of a loan due to a divorce and refinance longer terms.

    Are there special requirements for jumbo loans?

    Thanks!

    1. Hi Charles:

      You’ll need to provide divorce documentation, but you should be able to refinance the loan. As far as jumbo loans, I don’t know about any special requirements, but I’m going to get your inquiry to a Home Loan Expert who will.

      Thanks,
      Kevin Graham

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