How much will my cosigner backing me take a low interest rate on my mortgage?

My credit is bad because of a divorce. I make a environment amount of money.
If my parents cosign for the mortgage (they have excellent credit and have great job and lots of money), how will that affect my interest rate?
Will it give me an interest rate in the middle of what I would hold gotten without them and what they would get by themselves or could I bring a interest rate closer to their perfect FICO score guidelines? Or is it in front of and get one closer to my FICO score guidelines?
Answers:
Not at adjectives. As a rule, if your credit is so bad you require a co-maker, all they are is auxiliary security, not an injection of good credit for you.
I don't know if a father can co-sign a mortgage, approaching they can a car loan. If you are expected to be the primary owner / mortgage-responsible payer, then the interest rate will be probably be determined on YOUR transcription.

I stand corrected. He COULD co-sign, but I really don't think that's a good hypothesis. You need to stand on your own feet. Wait until you CAN attain the mortgage on your own. Source(s): http://www.floridamortgagecorp.com/fha_c…

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