credit score used for mortgage
We are first time home buyers Can we use my credit score & my husbands income to get approved on a mortgage?
He gross 82k and his score is a 550. I am unemployed but get $500 in child support My score is a 660. These were the last scores we pulled about 9 months ago.
He gross 82k and his score is a 550. I am unemployed but get $500 in child support My score is a 660. These were the last scores we pulled about 9 months ago.
When we met his income was only around 25k but the past two years it drastically changed. His score is this low mainly do to a repossession (8 years may i add) and a defaulted loan from his first marriage. He has tried to have this removed but no dice so far. I on the other hand have student loans and credit card’s on my credit report to add to the debt to income ratio.
they would be combined which means you would both have to apply for a mortgage and his score would drag yours down to an unacceptable level
