Can Someone Co-Sign an FHA Loan for a First-Time Home Buyer?

Buying a home is not always as easy as it sounds. One of the biggest problems people run into is being able to come up with enough money for a down payment and closing costs. This can be extremely discouraging because many homes ask for a 20% down payment. If you have neither the income nor the credit score for a good deal, you might be tempted to get a co-signer.

Top Reasons to Apply for Your Mortgage Loan Early

You might know that you want to apply for a mortgage and purchase a home sometime in the near future. However, you might not be planning on going through the application process just yet. It's a good idea to go ahead and start working with a mortgage lender well in advance. Read on to learn more. You May Need a Pre-Approval Letter First of all, some sellers will show their homes to anyone who is interested in looking at them.