Co sign an apt for child.

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    My daughter will need to be in off campus housing this year. The cheapest way for her to do this is if I co sign. How will this effect my process other than needed a LOE to explain my credit check? Example will this be looked at as a debt?

    Thank you in advance for responding.



    I am almost certain NACA will calculate this into your debt since co-signing is essentially you taking responsibility for the payments if the other person doesn’t make them. I would discuss it with your MC for sure.

    During my process I had recent inquiries on my credit from shopping for mortgages, which my MC said was fine since I did not accrue any new debt. I was only required to write a LOE. For the one instance where I did accrue new debt, I had to pay it off and provide proof of payoff before my MC would submit my file to underwriting.

    If you haven’t done so yet, try the live help option on the NACA homepage. You join a video session and NACA reps are live to answer participant questions.


    @rosiep33 thank you for tour response. I did reach out to live help who in turn emailed my mc and his manager. Just like a previous question, I have not received a response.


    I think I remember a response to question from a while back that 1 year of payments by other party might be able to remove the cosigned loan from consideration of your debt.

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