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A tartalmat a jenloanwithjen biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a jenloanwithjen vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
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Who Can Co-Sign for a Mortgage?

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When? This feed was archived on August 31, 2024 23:13 (2M ago). Last successful fetch was on May 24, 2024 05:10 (5M ago)

Why? Inaktív feed status. A szervereink huzamosabb ideig nem tudtak érvényes podcast-feedet megjeleníteni.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 413321266 series 3366757
A tartalmat a jenloanwithjen biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a jenloanwithjen vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

Are you considering adding a co-signer to your loan application to improve your chances of approval? Incorporating a co-signer can indeed increase the apparent income on your application, potentially making you a more attractive candidate to lenders. However, the criteria for who can serve as a co-signer can vary significantly depending on the type of loan you are applying for.

For those looking into government-backed loans such as VA, FHA, or USDA loans, the requirements for co-signers tend to be more stringent. On the other hand, conventional loans typically have more relaxed standards when it comes to co-signers. As you navigate the complexities of securing a mortgage, it’s crucial to consider all the factors that lenders evaluate.

Check out our resources below for important links!

In this episode, you’ll learn:

  • Understand the difference between a co-signer and a co-borrower
  • Learn about the specific requirements for co-signers across different types of loans such as VA, FHA, USDA, and conventional loans
  • Explore how adding co-signers can affect eligibility for USDA loans due to income limits in certain areas
  • Discuss the stringent requirements for FHA loans
  • Conventional loans offer more leniency in terms of who can be a co-signer

RESOURCES:

USDA Income Limits: https://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state

FHA Loans: https://www.youtube.com/watch?v=SKsrC-dTUNQ

VA Loans, what you need to know: https://www.youtube.com/watch?v=zDrIhGre7_0&list=PLsjEjJAI2Tj9gJXmp6BND04G82sGoEDlt

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

  continue reading

77 epizódok

Artwork
iconMegosztás
 

Archivált sorozatok ("Inaktív feed" status)

When? This feed was archived on August 31, 2024 23:13 (2M ago). Last successful fetch was on May 24, 2024 05:10 (5M ago)

Why? Inaktív feed status. A szervereink huzamosabb ideig nem tudtak érvényes podcast-feedet megjeleníteni.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 413321266 series 3366757
A tartalmat a jenloanwithjen biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a jenloanwithjen vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

Are you considering adding a co-signer to your loan application to improve your chances of approval? Incorporating a co-signer can indeed increase the apparent income on your application, potentially making you a more attractive candidate to lenders. However, the criteria for who can serve as a co-signer can vary significantly depending on the type of loan you are applying for.

For those looking into government-backed loans such as VA, FHA, or USDA loans, the requirements for co-signers tend to be more stringent. On the other hand, conventional loans typically have more relaxed standards when it comes to co-signers. As you navigate the complexities of securing a mortgage, it’s crucial to consider all the factors that lenders evaluate.

Check out our resources below for important links!

In this episode, you’ll learn:

  • Understand the difference between a co-signer and a co-borrower
  • Learn about the specific requirements for co-signers across different types of loans such as VA, FHA, USDA, and conventional loans
  • Explore how adding co-signers can affect eligibility for USDA loans due to income limits in certain areas
  • Discuss the stringent requirements for FHA loans
  • Conventional loans offer more leniency in terms of who can be a co-signer

RESOURCES:

USDA Income Limits: https://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state

FHA Loans: https://www.youtube.com/watch?v=SKsrC-dTUNQ

VA Loans, what you need to know: https://www.youtube.com/watch?v=zDrIhGre7_0&list=PLsjEjJAI2Tj9gJXmp6BND04G82sGoEDlt

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

  continue reading

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