Posted on: 23rd May, 2010 12:21 pm
I have two fha loans can I be a cosigner for my sister? Will I have ownership in the property and will this loan go on my credit?
Welcome Davis,
As you already have two FHA loans in your name, I doubt whether the lender will allow you to cosign for your sister's mortgage. in order to cosign for the mortgage, you will have to include your name in the property deed. Also, the loan will go on your credit report.
As you already have two FHA loans in your name, I doubt whether the lender will allow you to cosign for your sister's mortgage. in order to cosign for the mortgage, you will have to include your name in the property deed. Also, the loan will go on your credit report.