Real Estate Agent · Cleveland Ohio · Member since 2024 · 2 posts · 0 votes
Hello, I've been looking into buying my first property and wanted to use a conventional loan on a 2-4 unit property. Can I put 5% down with a co-signer that it is not a family member? (I need a Co-signer because i'm young and don't have the credit history but I have the income and good credit)
Lender · Nationwide Lender / Novus Home Mortgage, a division of Ixonia Bank / NMLS #423065; Craig Warner / NMLS #129642 · Member since 2024 · 78 posts · 15 votes
2y
Yes, you can. I'm assuming you'll occupy one unit. You'll, both be required to have a minimum score of 660.
Accountant · Member since 2021 · 23 posts · 7 votes
2y
@Enrique Lopez this option wasn't always available. Congrats on pursuing an awesome strategy! I've house hacked 4 different times and never regretted it.