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Does my spouse's income count for a loan?

by peterbrass250 from Lillington, North Carolina. Oct 24th 2014 Reply


Brian Allen (ballen)
#43 ranked lender in Maryland - 190 contributions

Sure if the spouse has the credentials to qualify for a loan i.e credit score, income etc.Call me toll free 800-485-1387 Ext. 116 or email ballen@bakofengland1.com so we can discuss your particular situation.

Oct 24th 2014
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Chad Huffstetler (ChadHuffstetler)
#13 ranked lender in North Carolina - 20 contributions

It depends on many variables such as the loan type and/or how the loan is setup. If you would discuss your loan scenario, I can advise you specifically. Contact me at chad@mortgagewithchad.net.

Oct 24th 2014
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Rob Ballance (robbieballance@eaglehm.com)
#69 ranked lender in North Carolina - 19 contributions

As long as your spouse meets the qualifications of the loan program that is being used. Credit score, time on the job, ect. I am local here in Raleigh, if you would like to discuss more specifics, fee free to give me a call at 919-594-6905 Rob

Oct 24th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,925 contributions

In order for your spouse's income to be considered in qualify, she would need to also apply along with you. Her credit will be taken into consideration as well as her income and any assets she might hold as sole and separate. The rule of thumb is, if you wish include all that is good, then you need to include the bad as well. So if your spouse has bad credit but good income, you cant only include the income.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Oct 24th 2014
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

Yes, providing she meet all of qualifying conditions.

Oct 24th 2014
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Jason Vondrak (jvondrak)
#1 ranked lender in California - 1,714 contributions

It depends. You do not have to use your spouse's income to get a loan if you qualify for one on your own. However, you spouse's income can help you qualify for a larger loan amount in many cases. If you are planning on using your spouse's income, then they will also have to qualify for the loan based on their credit score, employment history, etc. Ask a lender to offer a quote based on your income alone and based on your combined income to see what the best option is for you.

Oct 24th 2014
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Jimmy Vu (Jimmy.Vu)
#937 ranked lender in California - 90 contributions

Yes if they are on the loan application with you. They will also look at spouse's credit as well.

Oct 24th 2014
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