Co-Signer for FHA loan?

Guest 0.10 Dollars($)

Hello there.

My husband and I are trying to qualify for an FHA loan. My father has offered to co-sign, but I am getting conflicting information.

Here is the scenario:

I am just shy of being approved on my own for the amount we want. Husband has credit issues and cannot qualify. My credit is fine, but I need a bit more income. Husband makes more than enough to qualify us, but his divorce caused a lot of issues.

Father does not live with me, and owns a home, but does not have an FHA mortgage.

Can he be a co-borrower or co-signer or help us at all? Is this a lender choice?

Thank you for your time.

L

brian1 · Posted: Thu Aug 28, 2008 6:32 pm Post subject:

Yes you can use a non occupant co borrower.
You can get a free quote by filling out some contact info at the top of the page.

Good Luck
Brian

chrisburns · Posted: Thu Sep 04, 2008 4:38 pm Post subject:

The previous poster is correct. He won't have a problem as a non occupant co borrower.

gmakerley · Posted: Fri Sep 05, 2008 10:00 am Post subject:

i agree with both chris and brian. assuming your dad is adequately qualified you'll likely have no difficulty in obtaining a mortgage with him as co-signer.

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