My husband and I are looking into buying a house this summer but we're concerned about some credit issues. He is currently paying off his balances in hopes that it will get him to about 620 or so. Our main concern is about my credit - I have none. We are planning to try for FHA and I assumed they would only look at my husband's scores because he is the only one bringing in income. I recently read that the spouse has to have a qualifying score as well and now I'm worried. Do we have to apply for the mortgage together or can he apply by himself? I'm not completely opposed to that but I'm the one with the down payment money in the form of stock. Does anyone have some insight or suggestions on our situation? I'd really appreciate it, thanks!
