parents as co-borrowers

I was wondering if anyone has had recent success in obtaining a mortgage using their parents income in order to borrow more $ without getting an investor’s rate. My mortgage broker can do this with an FHA loan however paying the monthly mpi seems ridiculous when we are putting 25% down and we have excellent credit scores. From recent mortgage posts, it seems like people have been having luck with rates by going into local banks/credit unions with their situation as opposed to internet shopping. Anyone recently got a mortgage with help from Mom and Dad?

By bqe1970 | 09/19/2008 11:38 AM