Can a couple qualify for a house based on combined incomes?

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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?

3 Comments
  1. Reply
    Just there
    May 4, 2011 at 12:04 am

    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

  2. Reply
    Caveat Emptor
    May 4, 2011 at 12:44 am

    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.

  3. Reply
    Landlord
    May 4, 2011 at 12:59 am

    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.

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