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Indianapolis Neighborhood Housing Partnership

How mortgage lenders view co-signed student loans

If your kids are college-bound, you may want to think before co-signing on their student loans, especially if you’re considering moving. When you co-sign a student loan with your child, you may be impacting your ability to qualify for a home loan. Here’s how mortgage lenders view a co-signed student loan:

  • A mortgage lender may consider a co-signed student loan as a monthly payment affecting your ability to qualify for a loan.
  • You may qualify for a lower home loan amount due to co-signed student loan debt obligations.
  • Even with perfect repayment history, a mortgage lender may decline your home loan application due to co-signed debt.

Before co-signing a student loan for your child, INHP recommends you consider other options, like grants, scholarships or Federal student loans.

For more information about student loan debt, check out this resource, or talk with the unbiased experts at INHP.

INHP office holiday hours

Starting Dec. 25, 2020, through Jan. 3, 2021, all INHP office locations will be closed for the holidays. We will resume normal hours of operation at 8:30 a.m., Jan. 4, 2020.


INHP will respond to any inquiries or form submissions made via our website or email system in the order they were received after we reopen. If you do not hear from an INHP representative by Jan. 9, 2021, please call 317-610-4663.


We wish you a warm and happy holiday season!

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