Girlfriend as an FHA loan cosigner?

6 Replies

Has anyone ever purchased a single family home with an fha loan and had their grilfriend cosign for them? Can you have a friend cosign, or does it have to be a blood relative? I am in New Jersey.

@Wagner Alcivar just in case it matters, if you would like for a non-occupying co-borrower to be a part fo your FHA loan it is allowed but it changes your down-payment to 25%....so not really a reason to do it.

@Wagner Alcivar , sorry, if we were not clear.  If your girlfriend will be co-signing and also occupying with you then no problem.  If co-signing but NOT occupying, then you will need to put down 25% down-payment as @Andrew Postell mentioned.  It's the occupancy that will most likely matter to you most and how you proceed with your bank.  Hope that helps.