What are the cosigner qualifications in il?My husband was pre approved by his bank. Which is a small bank here in Chicago. We were told to put in the offer cause everything is good. House contract signed & now bank is saying we need a cosigner because my husband claimed a loss on his taxes o.O seriously?!!! This is a slap in the face! Now my husband is so discouraged, upset etc. This is ok? To tell people oh ok ahead everything is great. Then oh wait, I changed my mind. This is our life here not a game. We have absolutely no debt, 20% down payment, good credit, steady income, no wild spending (we're penny pinching) & asking for a $134,000 loan. Is there any hope somewhere else? And if all hope is only with a cosigner, what qualification do they need. Please we worked to hard to throw in the towel but discouragement is breathing down his neck :(July 22 2012 - Jefferson Park0YesReport 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.