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what if my credit score is low and my spouses is high- joint loan

by kjjira18 from , California. 20 days ago Reply


Maureen Martin (MaureenMartin)
#874 ranked lender in California - 9 contributions

Lenders will always take the lower of both of your middle scores. So even if your husband's credit is better than yours, the banks will use your score to qualify. Maureen MartinJMJ FinancialMMartin@JMJ.ME

20 days ago
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

We have to talk the LOWEST MID score of ALL borrowers when it comes to loan pricing.. but understand that certain loan products don't have a major difference in the interest rate because of lower scores.. FHA for example. has very little difference in the rate form a 650 borrower to a 750 borrower.. Also, there's ways to get around if your spouses score is not high enough for qualifying.. if you have time, give me a call and i'd be happy to explain. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

20 days ago
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Susan Ledingham (perfection)
#892 ranked lender in California - 7 contributions

If your wife can qualify on her own, then just put her on the loan and you on title at closing. You'll get a better rate that way. Because they take the lower of the two middle credit score.Any questions, call me. I do loans in California only.Ledingham Mortgage, phone: 650-352-5656 Susan

20 days ago
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