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Want A Mortgage, Need Expert Advice

Currently my wife and I are shopping for a new home, we have found one we both like and need a mortgage. I bring in all of the money in the household, and the wife is a stay at home mom. The issue is that I have bad credit, and hers is near perfect. is there anyway that we can have her apply individually and use my income? by marty3992 from Topeka, Kansas. Jun 14th 2010 Reply


Nic Netherton (ColoradoLender)
#16 ranked lender in Colorado - 57 contributions

How bad is your credit? What is the score?

Jun 14th 2010
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Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions

Please email me directly to discuss a solution. adennie@fmbranch.com. We are Nationwide Direct Lenders. Thanks.

Jun 14th 2010
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Suzanne Head (shead@bncnationalbank.com)
#14 ranked lender in Kansas - 1 contribution

You and your wife will both need to be on the application- We have many programs. Do you know your credit score? Please call me to discuss, Suzanne Head 913-980-4443

Jun 14th 2010
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Kenneth Kopper (KenKopper)
#19 ranked lender in Maryland - 542 contributions

Marty, there is no way to have your wife apply and use your income. However there are numerous things you can do to quickly improve your score in order to fully qualify for a hone purchase. Ken KopperTenacity Mortgage(800)496-0235 x1262kennethkopper@tenacitygroup.com

Jun 14th 2010
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Gregorio Denny (GVDenny)
#258 ranked lender in California - 380 contributions

The credit score of your wife will not negate your bad credit score, whatever it is, that will be what the loan is based on. You need a 580 to get an FHA loan (still available, but at higher rates), 620 will get you better rates, 740 will get you the best rates.

Jun 14th 2010
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