CO-SIGNING ON A LOAN FOR FIRST TIME HOME BUYER!!! (please help)

[Anonymous]

Hello everyone:

I'll get right to the point; I've managed to bring up my credit from 512 to 600 but I am still in the hole and obviously my credit is still horrible.

I managed to raise enough money for a down payment on a 1 bedroom apartment goign for 80k (more or less), whether it's foreclosure or not.  My plan is to do whatever it takes to own a home very soon, but of course my credit is horrible.  i am American but my mother is Italian and she does not have a social security or credit history in the US.  Is it possible to co-sign with her if she has a good enough income and proof of it. 

Basically what would it take to co-sign with her, or is it even possible?? 

[guiness56]

Unfortunately, if your mother has no social security number or credit history in the US, she will not be able to co-sign for you. 

The creditors would want to pull her credit report.

[Anonymous]

But my x girlfriend's family is not american and they managed to purchase a home without a social security or credit history.  Is it possible they had enough cash collateral to make it possible?  to get approved for financing?

[guiness56]

Interesting.  Let me check into it.

[guiness56]

You would probably get better information if this was in the Mortgage forum.

[Anonymous]

LOL, alright then.

Thank you though.

[Anonymous]

I made a mistake; she actually does have a credit history and credit cards from bank of america for example and other companies.

[fused]

This thread is locked, please see the discussion in this thread  Link