Using A Cosigner To Get A USDA Loan

1. Using a Cosigner to Get a USDA LOAN USDA Loans are meant for people who wish to buy a home in rural areas. There is no down payment requirement for USDA Loans. However, you may need a cosigner if both your credit score and income fall below the USDA guidelines. Who Can Cosign on Your USDA Loan? The person must meet the following requirements: They must occupy the home with you. They do not have to be a relative. They should have a higher credit score and more income than you. Items a Cosigner Cannot Make up For: Even if you have a cosigner, your loan application cannot be approved in the following instances: You have a foreclosure on government-backed securities. You have defaulted on federal debt. You have liens due to unpaid income tax. 107 W. Hwy. 190 Copperas Cove, TX 76522 254-542-5100 2201 Trimmier Rd. Killeen, TX 76541 254-680-6158 14641 S. Padre Island Dr., Ste. B Corpus Christi, TX 78418 3106 S. WS Young Dr., Bldg. D, Ste. 402 Killeen, TX 76542 254-953-7000 361-949-4647 10961 Gateway Blvd. West, Ste. 200 El Paso, TX 79935 915-843-2681 8522 Broadway St., Ste. 208 San Antonio, TX 78217 210-340-0404 1320 N. Zaragoza Rd., Ste. 111 El Paso, TX 79936 915-858-1996 7348 W. Adams Ave., Ste. 200 Temple, TX 76502 254-771-0020 2422 E. Main St. Gatesville, TX 76528 254-248-0029 16165 North 83rd Ave., Ste. 200 Peoria, AZ 85382 480-752-3110 100 W. Central Texas Expwy., Ste. 300 Harker Heights, TX 76548 201 E. Central Texas Expwy., Ste. 1600 Harker Heights, TX 76548 254-680-6155 254-690-3765 www.fcmloans4u.com