Dakota State University: Can an SD Housing co-signer become liable without acquiring ownership?
DIRECT ANSWER
Retained SD Housing statewide guidance as captured October16,2026; not a DSU employee benefit,campus program,lender commitment,property approval or guaranteed award.
Yes. The agency permits a co-signer to sign the Mortgage Note and become responsible for repayment while having no ownership interest:the co-signer does not take title or sign the Mortgage. Compare that liability with the household’s actual intended ownership arrangement.
Source scope and conditions
Retained SD Housing statewide guidance as captured October16,2026; not a DSU employee benefit,campus program,lender commitment,property approval or guaranteed award.
Sources & verification
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