QUESTION
Do Rocket Mortgage's loan policies permit the use of co-signers?
ANSWER
20
Yes, Rocket Mortgage's loan policies do permit the use of co-signers. When an individual applies for a mortgage and may not meet the necessary credit or income requirements on their own, adding a co-signer can provide additional security for the lender. A co-signer agrees to take on the financial responsibility of the mortgage if the primary borrower defaults on the loan. This can help the primary borrower qualify for a loan they might otherwise not be approved for. The presence of a co-signer with strong credit and income can bolster the application and potentially secure more favorable lending terms from Rocket Mortgage.
EXCLUSIVE OFFER
04.21.2024
DOES ROCKET MORTGAGE ALLOW CO SIGNERS