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#1629936 - 11/17/11 09:00 PM Co-signer vs co-applicant
Patricia Offline
Gold Star
Joined: Mar 2011
Posts: 335
Kansas
I am looking at a single family RE loan and there is an applicant,co-applicant and two co-signers. I have never seen co-signers on a RE loan only co-applicants. Is this okay?

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Lending Compliance
#1629954 - 11/17/11 09:21 PM Re: Co-signer vs co-applicant Patricia
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,656
Florida
If they do not get a direct benefit. Could be parents co-signing for kids who have no/limited credit.
Cosignor rules do not apply to purchase of real property.
Last edited by Southern Banker; 11/17/11 09:25 PM. Reason: add comment
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#1629994 - 11/17/11 10:02 PM Re: Co-signer vs co-applicant Rocky P
Patricia Offline
Gold Star
Joined: Mar 2011
Posts: 335
Kansas
Thanks Southern Banker.

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