The news is OUT and co-signers are IN!
Co-signers are now permitted with IFA mortgage programs!
- Must follow FHA, VA, RD and FNMA guidelines
- The co-signer(s) will not have a present ownership interest in the residence.
- IFA's lending partners must always use the most restrictive guideline for the respective loan type.
- First-Time home buyer status and Income for co-signer must be considered based on scenarios below: