Questions about qualifying for Joint FHA with my husband. Our Credit scores are not where they should be right now so we have a few months to try to close on something by the new year, however I do have a few questions for the experts out there.
1. I've read that you have to have 3 credit lines...is that seperatly or jointly? We have an auto loan that is in both of our names & 1 CC where he is an AU. We really dont have alot of revolving credit at this point and really dont want to open any other lines.
2. We have our income deposited into a prepaid account that we do have access to statements and such but it is only in my name but he also has his direct deposit going in there.
3.Is Debt to income based on individual credit and income or on an all together typer basis? we both have student loans in our own name but they are currently in deferment.
4.I have been on my current job for a year so far. it is through a temp service but the job does not end and my contact is renewed every 30 days. I could work here forever if i wanted. I was in school last year & even though i have only had this job for a year i have not went longer than 2 weeks without a job...3 jobs last year. all work from home because i was in school. will all of this count against me?
