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Can a cosigner live in a different state than the borrower?

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βˆ™ 2006-12-26 14:57:52

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That depends on the lending institution, but most lenders will accept an out of state cosigner as long as the person qualifies.

2006-12-26 14:57:52
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Q: Can a cosigner live in a different state than the borrower?
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Related Questions

Does the cosigner have to live with you?

. Generally, no. A co-signer on a loan does not have to reside at the same residence as the primary borrower. Once the co-signer signs for the primary borrower; he or she is as liable as the primary borrower. It should be noted that some lenders may have their own requirement that the co-signer live at the same address as the primary borrower.


Does a primary borrower have to put up with a cosigner constantly harassing them?

If the borrower isn't living up to their obligations, and affecting the co-signer's credit rating, they have every right to ride the borrower about it. The borrower convinced them that they were worthy of the co-signer's trust. they need to live up to that obligation.


Does a cosigner have to live at the same address as the primary borrower on a loan?

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Can someone be a cosigner for an apartment if they live in another state?

Whether or not an apartment complex would allow someone from another state to become a cosigner would be up to them to decide. They have the right to set their own rules in regards to who would be allowed to cosign.


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