# Does my cosigner have to be a homeowner?

URL: https://togetherloans.com/faq/does-my-cosigner-have-to-be-a-homeowner
Updated: 2026-11-02

Does a cosigner need to be a homeowner? No, but homeowner cosigners are more likely to be accepted. Renters can qualify with excellent credit and income.

No, your cosigner does not need to be a homeowner; however, homeowner cosigners are more likely to be accepted.

A suitable cosigner has a credit score of 700 or more and a good history of paying their bills on time. Homeowners with a lower score can also be accepted if they have a strong payment history. Of course, they must be able to afford the monthly repayments if for any reason you don't make them.