averaging couples scores?

[Anonymous]

i am sure this has been asked here a thousand times,   when geting our first home mortage, do lenders average all three of my fico scores? and do they also take that average and my wifes average and then use that total average to use as our fico base number.

example my scores 738,777, 749 average=754

               my wife     782,778,755  average=771

my average 754  wifes average 771=couple average= 762

is that 762 what the lender will use?

thanks, mike

[sh9730]

NO, most lenders will use the MIDDLE score of the LOWER FICO borrower.  In your case they will use 777 since that is your middle score.  If your wife's middle would have been 776 they would have used that.....

[sh9730]

I should also say with scores like you and your wife have across the board, you will have no problem!  Those are very good scores!  Anything over a 720 in the mortgage world and you are golden!

[Junejer]

Am I dreaming? Didn't I just answer this in the GC forum. LOL. Your middle 749, your wife's 778. You'll be fine.

[Anonymous]

byrdman, no your awake, i didn't get any hits on this after an hour, so i thought id try the other board, thanks for your help.

sh9730, also thanks for the help and encourage. like i told bm it can get pretty confusing as to how they use those scores. Thanks again for your input.

Message Edited by cdascience on 03-15-2008 07:50 PM

[sh9730]

By the way, Byrdmans middle numbers are right on the other forum! I just cant read very well!  Doesnt matter...they could use your lowest number and you ll be fine!

[haulingthescoreup]

If anything, this post ought to be over on mortgages, but I'll leave it here out of fear of confusing everyone even more!