foreclosure homes in california
In My Situation is it Possible to Get a Home Loan With a Co-Signer?
Me and my husband would like to purchase a foreclosure home in California for $699,000. I have a credit score of 560 and my husband doesn’t have any credit, his score is O. Our combine income is about $120,000. My parents have perfect credit and are willing to co-signed for us in hopes to get a loan. Would a loan be possible in our situation the way the banks are now? Any advise would be helpful and yes, we are working on rebuilding our credit. Thank you.
I doubt if a co-sign would be acceptable to the bank without some secured collateral for that much money. Your parents will long since be dead before this loan is paid for so you can’t blame the banks for not rushing into this deal.
