Can a retired parent collecting his pension be a co-signer on a home mortgage?

My father would like to help us purchase our first home by co-signing on the loan for us. (yes, we both understand the implications of him being a co-signer on the mortgage). He is retired and living on his pension (not collecting SS just yet). Is this possible on a FHA mortgage?Can a retired parent collecting his pension be a co-signer on a home mortgage?
If the mortgage loan bank/lender is okay with it, then they will decide. He will have to provide financial statements, of course.Can a retired parent collecting his pension be a co-signer on a home mortgage?
If he was going to live with you it wouldn't be much of a problem because his income would be added to yours to cover the mortgage.





If he don't have much income %26amp; not a lot of assets, only what is left over after his expenses can be considered in granting a loan.
As long as his credit is good, he can co-sign. Good luck with your new home.
I should think so assuming he has assets adequate to cover the liabilities.
Yes, it doesn't matter where his income comes from if he has enough to afford the mortgage.