My credit score is a 623 and my co-borrower has good credit history and the income necessary for meMy credit score is a 623 and my co-borrower has good credit history and the income necessary for me to get approved for a FHA loan. However, my co-borrower co-signed on a FHA loan where the borrower has late mortgage payments. Could I still get approved for a FHA loan? Is there a way to use my co-borrower's home as collateral?September 13 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.