Question
Credit check requirement for mortgages?
My fiance and I are thinking of purchasing a home. My credit is in shreds - his is perfect. Can a lender take both of our incomes into consideration but only run a credit check on him? (I don't care if his name is on the deed or if both of ours are, quite honestly.) We live in Ohio, if that helps. (This would be his first home purchase - I currently own a home.) Thanks!!
2 years ago - 4 answers
Best Answer
Chosen by Asker
No, if they use your income as well as his, they'd have to use your credit also.
by Judy
2 years ago
Asker's Rating: 
Other Answers
I know that sometimes they only use the credit of one borrower but I dont know about the income part.
by dpepperdrinker- 2 years ago
The lender typically use the the person with the most income as the primary borrower. They will still run your credit report and use your income for qualifying purposes, even though it is not perfect.
by Daphnie J- 2 years ago
It does not work that way. If you want your income included as a means to qualify for a loan, they will also want to verify your credit status, since your income is being used as part of the reason the lender would issue a mortgage. Can't have one without the other.
by acermill- 2 years ago