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Can I cosign for someone if I am already on two other FHA loans?

by jkdfg796786 from Mill Creek, West Virginia. Oct 1st 2018 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,478 contributions

More info needed, but the short answer is yes.. so long as you meet debt to income requirements as well as all other lending guidelines. If you have co signed for two other loans, and you have a loan on your own home, as well as other obligations (car loan, credit cards, personal loans, etc).. and you make enough income to support all that debt, then yes.. you can co sign.. understand that you are responsible if the primary borrower does not pay.. that payment burden will fall on you.. so be careful not to over obligate yourself.. even though guidelines will allow it, does not mean it's prudent to do.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Oct 1st 2018
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Michael Diaz (sincityloandr)
#60 ranked lender in Nevada - 60 contributions

This is something you could as a non occupant. If you want more questions answered we could help you out. We lend in most states.

Oct 2nd 2018
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