Updated over 5 years ago on . Most recent reply
College Student looking for advice
Hello! I'm currently a college student and I'm looking to purcahse a property with another buddy of mine. We are hoping to get an FHA loan with a 3-3.5% downpayment on the property. We will be partners and have a 50/50 split. However, our parents both would need to cosign. I've talked to numerous banks to try and get the loan and we're struggling to secure financing due to the fact that to many indivuals would be on the moratage. Would you recommend that one of us just takes the mortgage out in our own name and only one set of parents cosign?