Would I be able to cosign on a loan for my son and daughter in law if I do not intend to live at the home as well?

Absolutely!! It's called a non-occupant co-borrower. FHA offers this, as well as Freddie Mac. I believe Fannie Mae is also working on allowing this.

Absolutely, but do keep in mind your debts as well as your income will be used, are you sure they cannot do this on their own...FHA mortgage qualifying ratios are very flexible

Yes.. All conforming loan programs have some sort of "Non-Occupying" co-borrower program. Each one has different rules, but they all allow some form of it.. 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

Good info previously, they of course still need to have acceptable credit and meet other qualifications.