Co-signers are not allowed with Hoosier Homes. Occupying co-borrowers who will live in the home and clear credit, DTI, and program screens can still be evaluated together on the file.
Hoosier Homes is for an owner-occupied primary residence that must be occupied within 60 days of closing. Across The 2 Mortgage Guys’ DPA lineup — including Hoosier Homes — co-signers are not allowed.
That blocks the common “parent signs but does not move in” structure. If you need a second person on the loan, they should be an occupying co-borrower who will live in the home, meet the 620 credit minimum, and clear income / DTI guidelines with you.
Ryan and Steve confirm the correct borrower set before reservation in DASH — so you do not build an offer around a structure the program cannot fund.
Structure the file around occupancy and program overlays from day one.
Spouses, partners, or other household members who will live in the home, appear on the note, and each clear 620 / DTI / income screens can strengthen a file when structured correctly.
Someone who only adds credit strength without occupying (or without meeting program borrower rules) is not allowed on Hoosier Homes transactions.
Adding a co-borrower helps income and DTI only if their score also clears. One borrower below 620 can stop the whole file.
If any borrower on the loan is a first-time homebuyer, approved homebuyer education is required before closing.
| Structure | Hoosier Homes fit |
|---|---|
| Single occupying borrower | Standard path when guidelines clear |
| Two occupying co-borrowers | Allowed when both meet credit / occupancy |
| Co-signer / non-occupying support | Not allowed |
| Need outside credit help | We compare other loan / DPA options |
Related eligibility and household guides.
How household income and occupancy work when a spouse stays off the note.
620 minimum for all borrowers on the file.
Up to 50% DTI with AUS approval.
When the course is required for FTHB borrowers.
Primary residence only — occupancy is non-negotiable.
Full eligibility, counties, and cash rules.
Compare Hoosier Homes with other DPA programs.
Ryan & Steve will map occupying co-borrowers vs. structures Hoosier Homes cannot fund — then build a pre-approval around a clean borrower set.
Program guidelines, income limits, and Targeted Area maps change. This page is educational — final eligibility is confirmed when your file is underwritten against current Hoosier Homes rules. This website is not directly affiliated with or endorsed by any government agency.