My credit score is currently 585. I want to know if it is possible that both my parents can co-sign for me on a mortgage loan? My dad is currently employed and my mom is unemployed but currently receiving unemployment benefits. Someone please help. I live in Illinois if that helps.
Yes they can. And it not an "iffy" answer. As long as your parents make enough money to afford the entire mortgage (within the required debt ratio) you can be a part of the loan, it is just that your income will not be counted. Take your parents to your local lender and discuss your options.