Mona, a cosigner does not have to live in the house. However, if you require mortgage financing in a purchase AND need a cosigner to help you, you need to make sure the mortgage solution and program your lender/broker is qualifying to approve you allows for a non-occupant borrower, aka cosigner.

If you have more questions, feel free to contact me.

To by-pass all the commercials about myself,the answer is no, the co-signer does not have to live in the house. There are thousands of qualified Realtors in Chicago that can help you. Check out ads for the area you're looking in and call an agent familiar with that area.

No, Mona, the cosigner does not have to live in the house he is cosigning for. Are you working with a Realtor? If not, I can help you. I have an awesome email program I can put you on after you find out how much you are approved for. Are you approved? If not, I can get you approved for FREE over the phone. I have lenders that will approve you, pull your credit, advise you, repair credit, all for FREE, even over the phone. I am also very good at getting the sellers to pay the closing costs with creative financing. Feel free to contact me, trulia@CarmensHomes.com or via cell, 708-533-0515. If you are a first time home buyer, you will qualify for the $8000 FREE money the government is giving out if you buy a home $80,000 or higher. It does not have to be repaid unless you sell the home within 3 years. If you stay in your home at least 3 years, then that money is yours free and clear.

I look forward to hearing from you,
Carmen Keslin E-Pro
ReMax 10 In the Park
708-533-0515 cell

No the co-signer doesn't have to live in the house, I don't know what state your in