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    cassgz's Avatar
    cassgz Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 3, 2009, 04:32 PM
    Joint home loan?
    Want to apply for a joint home loan.
    -Combined income-60,000 year. Husband 60,000/me 0. In college.
    -Husband credit score 595 with judment/mine 633 no judment or tax liens etc.
    -Want a max of 95,000

    Can we get a home loan?

    :confused:
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
    Ultra Member
    		  
    #2

    Jan 4, 2009, 06:45 AM

    It will be tough with a 595 and judgment, but not out of the question. A lot will factor in to recent history with credit and your debt to income ratio. If you don't have any other debt you will probably be able to find a company willing to work with you. Any chance either of you are veterans?

    Give up the idea of getting a great rate though. Maybe a 7ish rate, but that's just a guess.

    It doesn't hurt to ask. Go to a broker and tell them your situation. Brokers need to lend money to make money so they will try their best to work something out.

    I will tell you though if your husband's judgment hasn't been vacated yet it will make it much less likely.
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