Yes, in many cases you can buy a home with a co-signer. In mortgage lending, what people commonly call a “co-signer” is typically referred to as a co-borrower. A co-borrower is someone — often a parent or close family member — who signs the loan with you and shares full legal responsibility for repayment. Their income, credit, and financial profile are included in the approval decision, which can help:
One common misconception is that a co-borrower must live in the home. That’s not always the case. Many loan programs allow a non-occupant co-borrower. It’s important to understand that a co-borrower is not just “helping” — they are equally responsible for the loan. The mortgage will appear on their credit report and factor into their own borrowing ability. Buying with a co-borrower can be a strategic way to become a homeowner sooner while you continue building your independent financial strength. For guidance specific to your situation, consult your Financing Advisor to understand how adding a co-borrower may impact qualification and loan structure.
Notes & good practices
Increase your qualifying income
Strengthen the overall application
Offset limited credit history
Improve approval flexibility