For a conventional loan, can I use a co-signer? by Jennas from Charlotte, North Carolina. Apr 14th 2010
By co-signer I am assuming you mean someone to apply for a loan with you as a co-owner and occupant of the property. If that is your goal then any conventional program or government program will allow it. If you mean the co-signer will obligate himself or herself to the loan note but not live in the property then your product selection becomes very slim. FHA will allow non-occupant co-borrowers but not conventional Fannie/Freddie loans. There are also a few other non conventional lenders that have programs specifically for this purpose but you will pay more for these products.
yes you can but only with certain conventional products. You can call me to discuss. 704-631-9276. My name is Angelo.
Hello--Call Me 24/7/365--Jim Teak II @ 619-293-4200www.JimTeak.com
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