Mortgage if married & one have discouraging credit, one have excellent...?
If a couple is married, but one has bad credit (and make under $50k) and one has excellent credit (and make over $75k), can the spouse with excellent credit & income apply for a mortgage on his/her own without referencing the credit of the spouse? Or, must adjectives married couples apply for primary residence mortgages jointly? Thanks!
As long as you're not surrounded by a community property state, only one spouse needs to apply.
I live in GA, I be able to finance the home lower than my name only because my husband's credit gain is really low. The bad part, is that we have to get a cheaper home because they could only use one income.
"> One spouse can apply. Only his/her income will be considered.
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As long as you're not surrounded by a community property state, only one spouse needs to apply.
I live in GA, I be able to finance the home lower than my name only because my husband's credit gain is really low. The bad part, is that we have to get a cheaper home because they could only use one income.
"> One spouse can apply. Only his/her income will be considered.
Related Questions: