<prompt> Human: Hello PF! Please help me! I am trying to lock down my mortgage loan on my first home and i have just recently been laid off. I was laid off and will be back with my company for 2 weeks coming up followed by another lay off. My employer wants to keep me but just doesnt have enough work right now to keep me fully employed. In the meantime i have been collecting employment insurance and found some side work to pay my bills. My broker is telling me my only option due to layoff is to secure the loan with a co signer, but that is not an option for me. Is there anything i can do to get a loan without a co signer given the fact that i have been temporarily laid off?? And if i somehow manage to find a co signer would the lender be willing to let them off the title if i can re-qualify? I signed contract with the developer 8 months ago. The contract specifies that if i fail the mortgage loan approval i will forfeit any money i have given to the developer for security. I have paid them 12500 out of 16500 to fulfill their clause with the remaining 4k to be paid on closing. This 16500 I have paid to the developer will be used as my down payment. The price of the house is 310,000 and the 16,500 down is 5. Thanks in advance!  <response>: It doesnt seem like you can afford this house under your current circumstances.It sucks, but you might be better off taking a 12.5K hit than a 16.5K closing costs after getting foreclosed on immediately. 