Yes, with either Freddie Mac or FHA loan, a non-occupant co-borrower is allowed.
Absolutely! However, it is important to note that this really only helps if income is an issue. Good credit does not overcome bad credit, meaning that the lowest middle credit score of all borrowers will be the representative score on the loan. I hope that clears things up, best of luck!
Yes they can!
Yes. There are a few different loan options for co-signors. Co-signor means the person on the loan will not live in the home. But the co-signor is 100% responsible for the loan, just like the person who will be living in the home. www.Minneapolis-Mortgage.net
Your parents can be a co-signer on the loan.
Yes for income qualifying purposes. Unlike co-signing on an auto loan or a personal loan, the co-signer's credit can not over ride a borrower's unsatisfactory credit.
Absolutely! This is very common for FHA loans. many banks have restrictions on this for conventional loans requiring the occupant (you) to have a certain level of income no matter how high the income level of the parents are. However, I offer a conventional loam without this restriction where parents that will not be living in the house can co-sign. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson
Absolutely. As long as their debt doesn't hinder the transaction, and they are otherwise qualified. Nathan Kessler 702-522-6745 City First Mortgage Services
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