Often, yes. A cosigner or TheGuarantors is exactly what we use for applicants who are close to our guidelines but need support on credit, income, or housing history.
- Credit 600 to 649: a qualified cosigner or TheGuarantors, whichever you prefer.
- Credit 550 to 599: TheGuarantors.
- Below 550: we are usually not able to approve, though we have a defined exception where the credit difficulty is substantially medical or student debt.
- Little or no credit history: not counted against you. We look to a cosigner or TheGuarantors instead.
Where the concern is a specific credit risk such as past delinquencies, we may ask for TheGuarantors rather than a traditional cosigner. Significant delinquent balances, a history of missed payments, or gaps in housing history can each affect a decision.
What a cosigner needs to qualify is set out on our Cosigner Requirements page.
