Richard's Real Estate Thoughts - Fairway Independent Mortgage Corporation NMLS #2289: Does a cosigner help with qualifying for a mortgage?

Does a cosigner help with qualifying for a mortgage?

Cosigners can help some buyers qualify for a home purchase. Typically what is intended with the word cosigner is more technically called a non-occupant co-borrower. This is a person who will sign as a borrower on a loan that is used to purchase a primary residence for the primary borrower.

Non-occupant co-borrower can help with qualifying income. They typically cannot help to compensate for the primary borrower’s non-qualifying credit.

Loans that allow for considering non-occupant co-borrower income are helpful for borrowers whose own income is too low to qualify for their purchase. Often a parent can help a child who is a student, as one frequent example.

The non-occupant borrower’s credit must qualify and both borrowers’ debts will be included in the debt payment to income calculations.

Often non-occupant borrower is added to help with FHA mortgage qualification. Some conventional loan programs also allow for non-occupant borrowers.

Please contact me with any questions about your home purchase.

Thank you for visiting. This is the professional blog for

Richard Byron Smith
Mortgage Loan Officer
NMLS# 184479 TN# 104002 Georgia Residential Mortgage Licensee, GA#28928
Conventional, FHA, FHA 203k, HUD $100 down purchases, VA,
Rural Development (USDA), THDA and Jumbo Loans

Cell phone: 423-280-0345 Email:
Branch Contact: Fairway Independent Mortgage Corporation,
2115 Stein Dr, Suite 215, Chattanooga, TN  37421
Office Phone: 423-280-0345  Office Email:

Mortgage Loan Officer helping home buyers in Tennessee and Georgia for over 20 years.

Fairway Independent Morgage Corporation
NMLS #2289
Chattanooga, TN

Equal Housing LenderNMLS

Visit my website to inquiry about a home loan.

This blog represents the opinions of Richard Smith. The posts and comments written on the blog do not represent the opinions or positions of Fairway Independent Mortgage Corporation.

 Copyright ©2018 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-877-699-0353. Georgia Residential Mortgage Licensee #28928. Fairway is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.


Complaints may be directed to: (877) 699-0353 or Email us:


 Privacy Policy

Terms of use

Comment balloon 2 commentsRichard Byron Smith, NMLS #184479 • September 22 2016 10:39AM


This is very good information to share with prospective mortgage borrowers.

Posted by Roy Kelley (Realty Group Referrals) almost 3 years ago

Good information to know for buyers lacking the income they my need to close a purchase. 

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods ( | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) almost 3 years ago