Can you get a house loan off one person’s info? My husband’s credit is in the 400s but mine is 730. I found out they go off the lowest credit and that makes me nervous. Would they approve a loan with one person?
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Mortgage underwriter here, as long as you have the income to pay for the house alone, then you can be the person who secures the loan. Depending on what state you live in, your spouse will be on the mortgage/ deed, but not on the note, which means he is not financially liable for the house.
Yes, but keep in mind if you don’t use his credit you can’t count his income so you would need to make enough alone to get approved.
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If the mortgage is in your name only so should the deed! Hard lesson learned.
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Yes ofcourse they will as long as you make enough money. I bought my house without my husband’s credit score or income. I own my house completely by myself. They absolutely do go off the lowest credit score so I wouldn’t put him on anything unless he brings up his credit score. However my husband is on the title incase something happens to me, he will get the house.
Not sure where you live, In MA 400 credit score will not get you approved for anything. I had to have a 640 to even start the process, that got me approved for a $275,000 loan. Then they made me pay off all credit cards and my car loan, which brought me up to a 690. That got me approved for a $300,000 loan the second time around. An approval lasts 3 months here in MA and every 3 months if you don’t find a house you reapply for another 3 months. So keep your credit good!! And Do not open a loan before or after you you find a house. Wait until you’ve completely finalized everything 100%!
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When we bought ours I had the better credit,but he made more. So he was first on the loan. Other than that we didn’t have any issues with getting the loan . Of course that was 25 yrs ago
Other than a good credit score, Your debt to income ratio is what really matters. I just bought my house less than a year ago and that what I noticed they kept bringing up… Good luck!
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Yes but would depend on your income and how much the loan is. They also need to know all your debt
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He couldn’t be on the deed and you would need a cosigner.
I’m currently doing this. They will go based off my score and income, the only thing he has to do is sign the mortgage agreement. ( My state law requires that both spouses have to sign.)
Yes as long as you have the income.
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Yes. On our house it’s only based off my husband’s income because my credit score was lower plus I have student loans
Well don’t do it together then if he has the higher credit score just have him be a cosigner for you that’s pretty weird that they do that
Depends on income! Call a local loan office to see if you can qualify for the loan alone! You can always do a quitclaim deed after closing.
If you only use your income than you can get a loan just off yours. If you need his income unfortunately they use his credit and you assume his debt as well 
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Yes, if your income is high enough.
Yes but only your income would be considered.
Speak to a mortgage broker licensed in your state for the most accurate advice.
Get approved and add him afterwards
yes! as long as you have the income.
I’m not sure but one way to get his credit score up. Do you have existing credit cards in good stendings? Add his name to them. It will boost his credit score.
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Depends on a lot of factors, I am a licensed mortgage loan officer. Send us a message Deariso Tax & Financial Services
Debt to income and outstanding past due bills are way more important that a credit score. Definitely talk to a lender and they can run all the possibilities for you
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Yes. My husband had mortgages in his name. And my name was still on the deed.
Yes as long as you have enough income, I did it last year.
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Yes if you have the income to support it! If you need both of your incomes then work on building up his credit
Credit is shit no income. My husband has bought 3 houses. I have been on the deed for them all.
If your income is enough, yes you can. His name wouldn’t be on the house though.
Of course as long as you have the income to make the payments and a deposit
People do it everyday! Of course you can
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As long as you have the income needs for the mortgage