Do you allow co-signers?
A co-signer with strong credit can improve your chances of approval or help you secure better loan terms. Lenders cannot require a co-signer unless you apply jointly. Both parties share full responsibility for the loan, so it's important to understand the obligations before proceeding.
Quick Summary
A co-signer may improve approval odds and loan terms.
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Answered by Annie Brockway
Last updated 12/5/2025, 3:50:36 PM
Yes. A co-signer with stronger credit can help you qualify for a loan or receive better terms. The CFPB notes that while co-signers can improve your approval chances and interest rate, lenders cannot require one unless you are applying for joint credit.
Both applicants share responsibility for the loan. Make sure you and your co-signer understand the obligations before proceeding.
- Shared liability: Both parties are responsible for repayment
- Potential benefits: Better rates or approval odds
- Documentation: Co-signer needs the same documents as the primary borrower
General Sales Manager, El Cajon Mitsubishi
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