Will a Co-Signer Help if I Don’t Have Enough for a Down Payment?

Author: Boychuk Mortgage Group |

  • Unfortunately, in this case, having a co-sign would not change the amount you are required to put down for your down payment.
  • When adding a co-signer, you are looking to add income to your application in the hopes of increasing what you can ultimately qualify for.
  • When a greater down payment is needed, we would then look at options such as gifted funds, home equity lines of credit, a co-signer with additional down payment funds, or putting together a plan to help you save for your future home.