By having co-borrowers join your loan application, their income, assets, and credit score can help you qualify for a loan and get lower interest rates. Co-borrowers are equally liable to pay back the loan.

FHA Mortgage Loan Rates

September 22, 2018
FHA Rates for September 22, 2018
Offering 30 Year Fixed Mortgages
Offering 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
FHA.com is a private company, is not a government agency, and does not make loans.

Prequalify Now!

Compare mortgage rates for your refinance or home purchase loan.

CHOOSE A LOAN TYPE

then
get
your

FREE CREDIT SCORE

Do you know what's on
your credit report?
FHA.com is a private company, is not a government agency, and does not make loans.

Co-Borrower

Related Terms: Joint Loan
A co-borrower is someone whose name is on loan documents along with yours, and is equally responsible to repay the loan. Their income and assets, in addition to yours, may help qualify for a mortgage loan with better rates.  
Co-Borrower
Since the co-borrower has ownership interest in the property, you may consider making your spouse the co-borrower on the loan. It’s very common for first-time home buyers without a huge credit history to go with a co-borrower to help secure a mortgage.

Being a co-borrower, however, isn’t the same as being co-owner. Joint ownership has to do with how the property is deeded, which is separate from the mortgage transaction. Co-borrowers do not have financial interest in the property either; they cannot borrow against the house the way you could as an owner, or profit from its sale.

There are exceptions to this in certain cases, such as when the co-borrower is a spouse, or related by blood. 

FREE CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!