9 Comments April 8th, 2010

I have bad credit and she has great credit can we get approved for a home loan?

Nathan L asked:


credit score of 580 and a credit score of 735 with combined income of 95k a year. 2k in credit cards,25k down payment. Is it possible to get approved for a 250k home loan.

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9 Responses to “I have bad credit and she has great credit can we get approved for a home loan?”

  1. bilbobagsend Says:
    April 10th, 2010 at 4:43 pm

    anyhting is possible you will hace to try several lenders but if it is meant to be then it will be

  2. stephanie h Says:
    April 13th, 2010 at 8:32 am

    yes. i would be happy to prequalify you if you need :) i also work with a GREAT credit repair company that can help you with your credit (i have personally used them)

  3. ~*Yesterdays Promises*~ Says:
    April 15th, 2010 at 4:15 pm

    I have a low credit score, around 575. My husband has a credit score around 700. Our combined income is around $70k, no credit card debt, and no money down. We went to the bank and we were approved for a home loan. So I would say that you have a pretty good shot. Good luck on the house hunt!

  4. Steveo Says:
    April 19th, 2010 at 4:01 am

    If she has a score of 735, and you have such a combined income, then it’s a slam dunk, in the bank, a piece of cake, etc.

    Get pre-approved for the loan, then go out and buy that home, as the prices are definitely going down. You may be able to steal it real cheap.

    I would attempt to get those credit cards paid off before you apply, however, as they count against you when the bank figures out how much you can afford to pay on a mortgage.

  5. scokeman Says:
    April 21st, 2010 at 2:49 am

    Go for it check country wide before you check anyone else they have the lowest rates and can get you in with FHA low intrest loan and 0 down. Good Luck

  6. papa_smurph88 Says:
    April 24th, 2010 at 6:31 am

    You can get approved for almost loan with almost any circumstance. In your case you’re in pretty good shape. Co-signing with someone with good credit is a great way to get around the problem of mediocre credit.

    You can get a loan with much worse credit, but the catch generally is that the interest is higher to cover the lenders risk.

  7. diamondldy4 Says:
    April 26th, 2010 at 4:42 pm

    Put the house and loan in her name. They shouldn’t even look up your credit. After everything is approved, file papers to have your name added to the title.

  8. Billie ACH Says:
    April 26th, 2010 at 7:53 pm

    No

  9. Steve R Says:
    April 28th, 2010 at 11:06 pm

    I would have the loan in her name alone, if you don’t want to use your poor credit score.