Will Medicaid eligibility be affected if a parent co-signs a mortgage but isn’t on the deed and doesn’t make any of the payments?

If she has money for a mortgage, why is she going on Medicaid?

I doubt that the mortgage company is going to go along with a responsible party that has no vested interest. They want everyone’s name on the deed so they have leverage to hold everyone responsible.

And yes, with her name on the deed and not her primary residence, the home would have to be sold as part of the Medicaid spend down.

I see some red flags based on personal experience with family and friends.

The first is that you state in your profile that your mother has Dementia, as such she cannot enter into a contract.

Second, if you have no income how do you expect to pay the mortgage? I know you expect to receive rents, but owning a property is expensive and where would you come up with contingency funds for repairs and maintenance? What is a tenant is late paying their rent?

Third, do you have siblings? If yes, then read all the posts here where elderly parents 'help' one of their adult children.

Fourth, if Mum has money, why are you not being paid for care giving?

Fifth, it is not possible for your to guarantee that Mum's money would never be touched. You cannot control that. The bank will. If you miss or are late on a payment, the bank will take it from Mum's account.

Six, what happens when the mortgage comes up for renewal and Mum is perhaps in a nursing home? Or has died?

Seven, have you ever been a landlord?

It's a question for an eldercare attorney who is well-versed in Medicaid eligibility in your state.

Why isn't your mother paying you for her care?