My dad has no income but a paidoff house. Can I cosign a HELCO?

[Will Stahl]

Hey everyone,

My father has a paid off house (350k+ value), 800+ credit score, but is 'retired' and not yet claiming SS. He has no income besides 401K. I have a strong income and have a 700+ credit score so can I cosign sign the HELCO with him since I have the income and he has the asset? Does anyone know if this is possible? Or since I am not on the deed am I not allowed to cosign?

we have a 30K unsecured loan at a higher interest rate that we used for fixing up a new rental and want to get a lower interest rate with the HELCO.

I understand that it may be hard to get a HELCO right now In general due to the pandemic but would like to know if this is even possible during good times.

Given the Pandemic, I'm assuming the best chance at getting a HELCO is a local bank/CU. Any advice on going about this would be appreciated as well.

Thanks,

Will