Can a couple qualify for a house based on combined incomes?
Deal Score0
Only one of us will actually apply for a mortgage loan due to the other currently going through the final stages of credit repair. We both have good stable incomes. Can both incomes be used in this situation to qualify for a more expensive home?
They only consider both incomes when both names are on the mortgage. Only one on the mortgage then that is the one whose income is judged
You can’t use both incomes if only one of you is on the loan. If you want both incomes to be considered, it has to be a joint loan – which means both credit histories are also considered.
You can only use the income of those applying for the loan, if you want two incomes the loan has to be for those 2 people.