Can someone that co signs with me on a loan get a seperate loan from another bank?

when you buy real estate, the lender allows a certain percentage of the persons income to go towards other debts ( such as student, auto, credit and other home loans) so if he cosigns on this loan with you, it will be on his credit as well, making his debt obligations rise. This can affect his ability to obtain a home loan.

The co-signed loan will show up as a debt on his credit and affect, and probably prevent, him from getting another large loan.

He may have a difficult time. He is legally responsible for your debt of $235,000 since he co-signed your loan. The other bank will find this debt when they do a credit check on your uncle. Taking on another $300,000 in debt on a $84,000 salary would be virtually impossible.

It is theoretically possible to have more than one loan at a time. However, the second bank will consider how much the payments are on each loan and how much he makes. If they feel that he does not make enough to be able to afford to make the payments on both loans at the same time, then they will not give them the second loan. If they feel that he does make enough to be able to afford to make the payments on both loans at the same time, then they might give him the second loan.