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Would we qualify for an FHA with down assistance even though my score is low and his is high?

My score is between 598-625 depending on the site. My husband's is around 765. Should we apply separately or together? by miminjack830 from Albuquerque, New Mexico. Jun 2nd 2017 Reply

Henry J Daniels, CMPSI, CMHS (HenryJDanielsNationalMortgage)
#12 ranked lender in Texas - 139 contributions

That is a great question. When applying for a mortgage the person with the lowest middle FICO score of all applicants is how the entire loan is underwritten and how the interest rate is determined. If that score is substantially lower it can decresase your maximum debt to income which can decrease your purchasing power. If your Husband Applies Separately then only his income and debts would be considered if he were applying for a conventional loan.If for a Government loan (FHA, VA USDA) Since New Mexico is a Community Property State, there are several options that apply. Feel free to call our office at 936-228-1944 and we would be delighted to discuss the specifics of your situation.

Jun 2nd 2017
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,054 contributions

Someone with good credit on a loan does not offset someone with low credit. Mortgage companies use the lowest middle credit score for underwriting purposes. With your score so low, if he can qualify without you, you will be in much better shape. For home mortgage loans in WI, MN, and SD, visit me at

Jun 6th 2017
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