Credit Score in 77077>Question Details

Tb, Renter in 77077

I am married and my husband and i both have bad credit scores, his is mid 500s and mine is 620. Can i get a FHA loan if my mom cosigns with 715 score?

Asked by Tb, 77077 Sun Jun 3, 2012

We have a short window of time to get a house, our lease is up at the end of August, not sure if it is realistic to think if we get through it will be enough time.

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Tommy Burris’ answer
The above link is to an article I wrote: It is a little info about the' FHA Non-Occupant Co-Borrower Loan'.

Mom can certainly add income to YOUR loan and hubby can be left off.
A couple of things:
1. Any debts on his credit report will be added to your loan file.
2. Any tax liens or judgments on his report can get the deal denied.

I am a loan officer in Texas.... That has actually done several of these deals.
No credit tricks.... Just straight up loan guidelines.

Let me know if I can answer any specific details for you!!

Tom Burris
Mortgage Banker
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
NMLS# 335055
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0 votes Thank Flag Link Sun Jun 3, 2012
You have two options- 1s. If you have the income to get the loan just by yourself or I have a Loan officer that can improve your husband's credit in about 60 days but you have to get started inmediately and be able to close in 3 months. Good luck
0 votes Thank Flag Link Sun Jun 3, 2012
a qualified Home Mortgage Consulant would be best to answer this question and I would recomend calling one asap -I can recommend Holly Whitney with Wells Fargo Home Mortgage-she can be reached on her cell -281-705-4659 or you can email her at you say the window is short -its best to call someone that can give you straight answers and get results

Regards and good luck to you

Al Hebert
0 votes Thank Flag Link Sun Jun 3, 2012
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