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.
Thank you very much @Paul Defngin . It has been difficult finding a cosigner and I think the bank said they might have an issue having her as a cosigner. I have the house under contract so it is a relief that we can get this loan to close now.
So is there any difference in co-signing and co-borrowing for an FHA loan?

@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.  

Paul Defngin, Lender in (#NMLS 199791)
240-268-3054

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