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Can I list my mom as a cosigner if her only income is from her retirement?

by rsmartin619 from Milford, Delaware. Sep 2nd 2021 Reply

Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,300 contributions

Yes, you would be able to add your mom as a co-signer, even if she had no income. It all depends on what you are trying to accomplish. If you add her to the loan, underwriting will consider her credit scores, her income and any monthly payments she has as part of the transaction. Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ 480-889-9000 - OR - 480-695-9300.

Sep 2nd 2021
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,418 contributions

Sure, retirement income is allowable qualifying income for all mortgage loans. I lend in Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota. I can be reached at - Cambria Mortgage, NMLS 274132

Sep 10th 2021
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