Cosigner on FHA loan
Basically, being s first one buyer, I've been stressing myself on finding the right deal. Well after a while if researching and finding something I'm comfortable with, I've narrowed it down to a triplex close to downtown where I stay and a duplex. I'll more than likely do the triplex as I feel it's a better financial move. The 4plexes here are just ridiculous though. Anyways, in young and haven't built much credit. Sitting a little above 600. Not horrible for my age but I just got my first credit card not too far back and trying to really be careful. I've done some research and I can have a cosigner on the FHA and my dad, being that he has done this before says he may be down once he looks the deal over. So yea. Sorry for all the babble but just giving some backstory. What do you guys think about this method? Ever done it this way?