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My husband is VA eligible but his credit is poor can we use mine

He's got a 667 and mine is somewhere over 720 - I don't remember. We want the lowest interest rate possible!! Is there a way for the VA to only consider my score? by jessh89234719 from Fall City, Washington. Dec 16th 2014 Reply


Jerry Potter (JerryPotter)
#84 ranked lender in Washington - 37 contributions

A 667 is a well enough score for a VA loan. All mortgage loans will take the lower mid score of the borrower(s). You can complete your application online at www.myhomeloanpreapproval.com and we will review all your options.

Dec 16th 2014
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Bert Carpenter (BertCarpenter)
#39 ranked lender in Arizona - 1,815 contributions

VA would require that the Veteran with eligibility be on the note to use the eligibility. The good news is that both of you have scores that are good enough for VA. I am licensed in Washington and would be happy to help you get approved. Please give me a call. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in Arizona (AZLO0911876 / AZBK0902429), Washington (WALO40586 / WACL3087) and California (CADOC40586 / CAFLL6036566). We are licensed by the CA-DBO under the CFLL and CRMLA. Loans made or arranged pursuant to CFLL or CRMLA license. ~ www.LoansA2z.com ~ 888-889-9950

Dec 16th 2014
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#29 ranked lender in New York - 2,236 contributions

Your husband the Veteran would have to be on the loan to do a VA loan. The lender will use the lowest of the two middle scores. I wouldn't worry, 667 is still a good score.

Dec 16th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,439 contributions

All applicants on the loan must meet score requirements. The good news is that both of your scores qualify you for the best VA rates. You've got nothing to worry about. For VA loans in MN, WI, and SD - www.VA-IRRRL-Loan-MN.com

Dec 16th 2014
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Lorne Harvey (lorneharvey)
#1 ranked lender in Washington - 418 contributions

LoanHarvey here to assist you. Please give me a call at 509-527-3353.Thank you!

Dec 16th 2014
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Eileen Hebert (EHebert)
#68 ranked lender in Washington - 9 contributions

Hi,On a VA loan all debts of married spouses are considered. Ratio's and residual income is also considered, if your only concern is the credit score you're in luck! Sounds like you may be getting a new home for Christmas. ;>)

Dec 16th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,795 contributions

You cannot use his benefits, but only your credit.. it dosent work that way.. however, 667 is in the acceptable range for most lenders.. i suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. 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

Dec 17th 2014
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Paul Johnson (PaulJohnsonGuildMortgageSeattle)
#103 ranked lender in Washington - 3 contributions

Hi Jess,I am a direct VA lender here in Seattle. The veteran must be on the loan. The credit score used will be the lower of your two respective middle-scores (of the three credit bureaus).Knowing how the VA interest rates are priced, the difference in scores will have a negligible in impact on your interest rate. If you have further questions or would like to discuss other attributes of VA loans I would be honored to help. You can email me at pjohnson@guildmortgage.net or call me at 206.735.7500.Regards,Paul JohnsonGuild Mortgage CompanyNMLS#1012068

Dec 16th 2014
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Carl Self (caself)
#100 ranked lender in Washington - 25 contributions

Your husband's score would be just fine for a VA loan and there should be no additional cost for the best rate with that score. If you would like to get a quote or schedule a no cost complimentary mortgage strategy consultation please email me at cself@absoluteloans.com or call me at 206-307-2754Carl SelfSr Mortgage AdvisorMLO-1061345

Dec 17th 2014
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