Can I use a co-borrower or cosigner for my loan application with Allied Home Mortgage Corp.?

Yes, Allied Home Mortgage Corp. allows the use of co-borrowers or cosigners for loan applications. Having a co-borrower or cosigner can increase your chances of loan approval, especially if you have a low credit score, insufficient income, or lack a substantial credit history. Co-borrowers are jointly responsible for repaying the loan and can help meet the income and credit requirements set by the lender. On the other hand, a cosigner does not have ownership rights to the property, but they guarantee the loan and are responsible for repayment if the primary borrower defaults. It is important to note that the requirements and conditions for co-borrowers and cosigners may vary, so it's best to consult with an Allied Home Mortgage Corp. loan officer or review the specific terms and conditions for your particular loan application.