I can't imagine why anyone wouldn't accept an additional co-signer since they have two people (or more) to come back in case of a default.
If you have someone willing to co-sign, I suggest you discuss having them consider buying a home and renting it to you so they can get the tax advantages (depreciation on the home as well as principle reduction with your payments and hopefully good appreciation as well).
There are lots of options out there for buying a home and lots to choose from in Middleton including having a home custom built that is still affordable and competes with our rent prices per month!
If you care to elaborate on your situation, I suggest you do it via email by contacting me instead of posting your private data online for all to sell.
Jenna. When you buy home you don't pay to the listing agent. Usually people who sell the home responsible for the brokerage payments. So if you don't want to pay to this Realtor, just don't hire her when you sell your home..
But if you want to see this home you can hire agent who will open the door of this home this home.... more
It can be difficult, but there are many different paths you can take. Some are easier than others. I closed one for a past client earlier this year and his lender made him qualify for both homes and even tried to call his new home an "investment" property although I got that over ruled for him! A different lender he talked to wanted him to put a larger down payment since he was going to own a second home and I helped him find one that could take advantage of a unique loan available since he was buying a bank foreclosure.
1) If you sell the current home, no problem turning around and buying another home (even simultaneously) provided your credit scores allow the new purchase.
2) If you don't have a year history of being a property manager, you might have to qualify for both house payments. (even if you plan to rent out the current home)
3) If you move at least 50 miles from the first home, new rules apply.
4) Some lenders offer "portfolio" loans where they don't resell your mortgage and they may not care if you own a second home.
5) Private money lenders - even though the interest is typically higher, taking advantage of the lower house prices right now can make sense.
6) Loan assumptions - you might be able to assume someone else's mortgage.
7) Some bank REO's have looser qualifying guidelines.
Talk to different types of lenders and you will get different answers. Just like how you got different answers from different Realtors. Realtors are typically "independent contractors" so even Realtors in the same franchised brokerage will typically give you different answers based on their experience in our industry and the type of clients they typically deal with.
I hope this helps instead of confuses you with several different options. I feel my role is to be more of a consultant - pointing out options until you are comfortable making a decision that is right for you and your family.