Can i have a co-signer to help me with my loan

In most cases yet. A co-signer is used to help offset low income and not for bad credit. Remember though, the co-signer's debts will also be considered as well.

Yes you can. The co-signer will also have to qualify for the same lending guidelines as the main borrower. Keep in mind that the co-borrowers income, credit and credit scores may effect your lending options. So get a strong co-borrower. Jesse Stroup California Mortgage Professional www.CaliforniaHomeLoanLender.comwww.JesseStroup.comNMLS# 6229

Yes.. but understand that if you have bad credit, a co-signer will not help.. co-signers only help if you have limited credit or limited income.. 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

Generally for most first time home buyers, a non-occupying co-borrower is generallyfamily, and often a parent. You could qualify for some of the best programs that can help cover most of your closing costs and down payment while still have a non-occupant co-borrower, You would of course still need to qualify with minimum qualifying credit score and some other criteria. The non-occupant co-borrower generally helps with meeting the debt to income requirements, and their reserves can be considered when necessary. We do those assistance programs and often have had a non-occupant co-borrower on a loan. Let us say someone is married but their partner's credit score is not high enough to qualify and their debt helps disqualify the primary borrower. A non-occupant co-borrower can help boost income since you cannot use the non-borrowing spouse's income, though sometimes their debts counts against you.

Depending on the type of loan you are getting. However, a co-signer is only beneficial for finance reasons, not for credit. The lender will always use the lower middle credit score between any borrowers on the loan.