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Glad raises an important issue, which may be viewed not only from the issue of affecting SSI and Medicaid but from the perspective of why you would want to be be extending yourself financially. I think why you want to take on this obligation, as well as the relationship to the other co-borrower, would be an issue with a (reliable) commercial bank.
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If on Medicaid how are you able to qualify for a loan? Is this house for yourself or someone else?
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In order to be a co-borrower...you must also be a co-owner.

Should you have to apply for Medicaid...that property (which you own part of) could be counted against you when you try to qualify. If you do not live there...Medicaid could put you in a position where it must be sold so that you can get your share to pay you own medical needs. 

Remember, Medicaid only kicks in once the person has exhausted all their own resources first.   Owning a property that you no not need to live in will definitely effect your ability to qualify.
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