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Can my dad co-sign for an FHA if he is a co-signer for his

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tifftop Guest	Posted: Thu Dec 17, 2009 3:06 pm    Post subject: Can my dad co-sign for an FHA if he is a co-signer for his Like 0 Dislike 0 My dad co-signed for our parents home about three or four years ago. Now, I am looking to buy a home and my dad is wants to co-sign for me. Is he able to even if he has already been a co-signer once? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
JKennedySLG Community Expert Joined: 01 Apr 2009 Posts: 408 Location: New Jersey/New York 20.05 Dollars($)	Posted: Thu Dec 17, 2009 4:44 pm    Post subject: Like 0 Dislike 0 He is able to be a non-occupying co-borrower, but if he is co-signing you will also be carrying the debt of his other loan. Keep that in mind. I hope this helps... _________________ James Kennedy New York/New Jersey (732)979-7409 Hard Money & Stated Income Loans First Time Home Buyers (540+ Credit)
tfaulhaber1 Community Expert Joined: 17 Dec 2009 Posts: 562 75.68 Dollars($)	Posted: Thu Dec 17, 2009 4:56 pm    Post subject: FHA non occupying co-borrower Like 0 Dislike 0 As long as he can qualify carrying his current loan and your loan, you should be ok. FHA allows family members to be non-occupying co-borrowers. _________________ Theo (Ted) Faulhaber 516-403-9116 516-634-4417 tfaulhaber (at) vanguardfunding.net

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