bad credit fha loans
FHA Loan Question….?
Hello!
I was hoping that someone could help me.
My husband and I are interested in getting an FHA Loan.
Over the last 2 years we have worked really hard to get his credit up to par, and he now has a score of 658.
However, I still have bad credit…around 500.
My question is would both of us, being a married couple, have to apply for the FHA Loan or would he be able to do it in his own name?
If we both do have to apply for the loan, is my score too bad?
Thank you in advance for your time and help!!
If he has enough income to handle the loan by himself then he can apply alone. Even if you applied together I don’t think your score would hurt to much since his is pretty good. However, only real way to know for sure exactly what you can get is to go to a bank and ask…
