cancel
Showing results for 
Search instead for 
Did you mean: 

Joint Loan

tag
Anonymous
Not applicable

Joint Loan

When getting a joint loan how is the score determined. My husband has very good credit( upper 700's) Mine is very bad ( low 500's) what are the chances of us getting a loan specifically FHA?
Message 1 of 2
1 REPLY 1
Anonymous
Not applicable

Re: Joint Loan

they are going to use the lower score between the two of you; and with yours being in the low 500s, you won't qualify for FHA.  their minimum score requirement is 620 (some have said certain lenders will take 580).  maybe your husband can apply for the loan alone?

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.