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Updated 3 months ago, 09/21/2024

User Stats

3
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2
Votes
Jesse Gaynor
2
Votes |
3
Posts

Would a deed in lieu be enough to attract a cosigner?

Jesse Gaynor
Posted

Hello, I would like to buy my first home as a primary residence in Florida. I have enough funds for everything, however i don't qualify for a mortgage. I'm looking for a co signer! I understand the trepidation of co-signing, so i'm looking for a reasonable offer(s) to present to anyone that would consider doing this. 

What I've thought of:

-Offer to show my bank statements for up to 10 years showing I make enough money

-If for any reason I cannot make my mortgage payments at anytime, I will agree to sign over the deed.

I don't have any friends or family that would co sign, so I'm not sure what to do! Two questions-

1. Does anyone know of an individual or company that would co sign with a stranger (me)?

2. What other things can i reasonably offer a co signer to attract them?