Question Details

Aiko, Home Buyer in Michigan

Can a cosigner have a bankruptcy and or foreclosure on their record if you only need them to meet debt to income ratios?

Asked by Aiko, Michigan Thu Jun 28, 2012

My fiance and I are trying to buy a $40,000 house. But he has student loans that make our ratio very low. His mother has offered to cosign, but she was foreclosed on 2 years ago. Due to injury she couldn't work anymore and is now receiving SSI. I did the math and it would help very much if we could include her income, but I'm not sure if they would accept her.

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