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Old 12-02-2019, 05:38 PM
 
1 posts, read 346 times
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I am purchasing my first home & have someone in my family co-signing for me. I am wanting to know what forms the co-signer has to receive & what they will leave with, if any. It is an FHA loan if that makes any difference.

I am specifically wanting to know if they will have to sign/see/receive paperwork showing my debt/liabilities...I know that we will have to sign these forms, however I don’t know if we will individually sign & receive them, or if we sign ours personally as well as the other persons.

After originally applying & getting pre-approval letter, I was sent 15+ documents to sign before the loan could go to underwriting. One of the documents was a “Uniform Residential Loan Application” form..this listed all of my assets & debts/liabilities..but it only showed mine, it did not show the co-signers, he got one as well that showed only his. So just wondering if at closing they will be individual or if we will have to sign our own as well as the other persons & be sent home with those forms. Any insight is appreciated!
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Old 12-02-2019, 09:07 PM
 
Location: Bloomington IN
8,590 posts, read 12,353,101 times
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You will both have to sign a single copy of the loan/mortgage documents. That is different from the application. You might ask in the real estate forum. It's been long enough since I was at an FHA closing I don't recall if you have to resign the application. Either way, it would be separate.

I'd be a little concerned if I was co-signing for a loan and the other person didn't want me to see their documents.
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Old 12-05-2019, 10:39 AM
 
Location: just NE of Tulsa, OK
1,449 posts, read 1,149,862 times
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Quote:
Originally Posted by rrah View Post
I'd be a little concerned if I was co-signing for a loan and the other person didn't want me to see their documents.
Same here. I was actually thinking if there wasn't full disclosure (between both parties), I wouldn't even consider co-signing.
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