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Updated almost 17 years ago,
Conventional Loan with Co-signer
Hello -
I was wondering what the chances are of a bank or other lending institution letting me borrow with a co-signer. I am 24 with a 750 credit rating, but I really don't have any assets to speak of other than a car. I have read that many banks are very cautious when giving out loans for things like REI. There is a lot of talk here about hard money loans, but once again I have read that these require a lot of assets to be considered for. I have a family member who is retired and flips houses in his free time that may be willing to co-sign a loan with me. Is this within the realm of possibility? Finding funding is going to be my toughest hurdle throughout this process I think.
Cheers -
Alex