Cosigner on an Arizona FHA Home Loan

What is an Arizona home-buyer to do when they cannot quite qualify for a home loan on their own?  If they are using FHA financing they have the advantage of adding a cosigner to their loan application in order to help them qualify!  FHA financing is very unique in this regard. They allow a buyer to benefit from the added income and assets of a qualified cosigner. FHA calls a cosigner a "non-occupying co-borrower."  Basically, FHA allows someone who does not occupy the home to be added as a … [Read more...]