Can I use a co-signer as opposed to a co-mortagor on a FHA loan?

The answer is No. The co-borrower is responsible for the loan

sorry I.price77117...they are pretty much one and the same...our fha back ratios can go pretty high...why do you think you need a co-signer ?

The co borrower will be obligated on the mortgage just as the main borrower

No... For FHA, if you're on the loan, you're on the mortgage.. and vise versa.. Also understand that a co-signer does not help if you have bad credit.. only if you have limited income. Loans are priced and eligible based on the LOWEST mid score of ALL borrowers.. So if Mom and Dad co-sign for Son and Daughter in law, and 3 of the 4 have 750 credit scores, and one has 580, then the loan will be based on the 580 borrower.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347