Can somone buy a home in somones name yet use your own credit if better than theirs?

Asked by Roselia Quezada, Los Banos, CA Sun Aug 19, 2012

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Mon Aug 20, 2012
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Actually, the buyer can purchase the home as a nonowner occupied and have you on the loan as 'title only'. That way the lender does not need to use your credit. The lender will not be able to utilize your income, however.
0 votes
Kim Benedict, Agent, Overland Park, KS
Sun Sep 14, 2014
The bank will require the person thats buying the home to use their credit... why would you want someone else on your mortgage? Try will your credit and talk with the bank about options that can help you buy the home in your name...
0 votes
Renda Fisher, Agent, Osage Beach, MO
Sun Sep 14, 2014
The bank will require that who's credit is being used will be on the loan.
0 votes
Janet Nation,…, Agent, Baldwin, NY
Mon Aug 20, 2012
No that cannot be done. Speak with a loan officer for proper guidance.
0 votes
Shayna Orr, , Los Banos, CA
Mon Aug 20, 2012
No Roselia you cannot do that when purchasing a home. Feel free to call me at 209-675-6104 or email me at realtorr@sbcglobal.net for further information on how I can help you here in Los Banos to purchase a home!!
0 votes
Cindy Davis, Agent, San Diego, CA
Mon Aug 20, 2012
No. What you are proposing here is actually illegal...whoever buys the home must use their own credit.
0 votes
Laura Coffey, Agent, Santa Clarita, CA
Mon Aug 20, 2012
Whoever is buying the house needs to use their own credit. The lender will require it. If you buy a house all cash no one will care about credit though.
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Suzanne MacD…, Agent, Succasunna, NJ
Mon Aug 20, 2012
Not normally, no. Generally the mortgage company is going to want the name of the person borrowing the money to be on the title to the house. It's really the only way they can hold that person responsible if the mortgage does not get paid.
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