Credit Card Center Advertiser Disclosure

Posts: 11
Registered: ‎10-09-2007
0 Kudos

Couple, FICO Scores, Home Loans

If you are an unmarried couple buying a home, do all lenders use one individual's FICO score to in effect "set" your loan interest rate? More specifically, when our three credit reports were pulled, my middle score of the three reports was in the upper 700s and my significant other's middle FICO score was just below 700. We were told that his middle score (the lower middle score from the two home buying partners) must be used to set our interest rate rather than say my scores or an average of his scores/my scores.  Do all lenders follow this same procedure or should we be looking for a lender who will consider both scores/are there lenders that would consider both scores?
Valued Member
Posts: 42
Registered: ‎09-02-2007
0 Kudos

Re: Couple, FICO Scores, Home Loans

The lower middle score of the two applicants seems to be the way things are done now. Seems to be the lenders excuse not to offer you their best rate. Odd to me that you could have anywhere from an 850 down to a 700, but if your spouses score is 699, yours are irrelevent for the rate.
From Chapter 13 discharge and low 500s in 2015 to EQ: 781 TU: 767 EX: 794 in 2017...Make your vision your reality.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.