Question:

Does cosigning on a loan take away the state grant?

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Me and my fiance are approved for $112,000. We found a house for 122,000. We also are going to get a grant of $15,000. I was wondering If I got my parents to co-sign on the loan just to get the extra money ,to buy the house we want, would my 15 thousand dollar grant be taken away do to the fact of my parents co-signing. I would really appreciated some help on this. My parents already have agreed to help if we will not lose the grant. Thanks for your answers

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  1. It all depends on the wording of the grant.  Just ask them.  What's the grant for?

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