Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
Re: FHA loan question
I haven't heard what your saying to be true. As far as I know for FHA loans and any loan for that matter, the cosigner also has to meet the minimum credit score requirement for the loan, as well as the applicant, in order for the cosigner's income to qualify you for more house.

I'll let others chime in their thoughts.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014