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Can a parent or relative co-sign for an individual who is a first time homebuyer?

April 26, 2017co-sign homebuyer individual parent relative time

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Can a parent or relative co-sign for an individual who is a first time homebuyer?

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In order to co-sign, a parent or relative must be a first time homebuyer or cannot have owned a home anywhere during the previous three years and parent or relative must maintain the home to be purchased as a primary residence for a 10 year period.