Common challenges
Combined incomes qualify for more house, but a breakup, move or missed payment hits both credit files equally, and selling requires everyone’s agreement.
Programs that fit
Home loan
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
Learn more ›
Home loanFHA Loans
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Learn more ›
Home loanFirst-Time Homebuyer Loans
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Learn more ›
Tips before you apply
- Get a co-ownership agreement in writing before you offer: who pays what, how buyouts are priced, and what triggers a sale.
- Lenders use the lower middle credit score of all borrowers for pricing, know everyone’s score first.
- Tenancy in common (unequal shares allowed) usually fits friends better than joint tenancy.
FAQ
What is the best mortgage for buying with friends (co-borrowing)?
It depends on your documentation and goal. The programs that most often fit are Conventional Loans, FHA Loans, First-Time Homebuyer Loans.