If you are going to be on the loan with your wife, the lender will base the loan off your score, not her's. Lenders base the loan off the lowest middle score for all borrowers on the loan. If your credit is too low to get a loan, perhaps she can qualify just on her own without you on the loan?... more
I would definitely talk to a good local lender about this. Work history, credit score, bank amounts, debts, and incomes are all pieces of the overall snapshot of your financial abilities. When my wife and I bought in Denair last year, we qualified on her income only as 2007 was a better year for her financially. Our Century 21 in-house lender sits a few doors down from me and is currently working on getting a few of my clients good, quality loans. Let me know if you'd like his information. He's always open to chat, and you'll at least get a good idea of where you stand and how you can improve your credit image in the eyes of the bank.
Best of luck,
Adam Dalton, Realtor
Century 21 M&M and associates - Turlock