What is your goal here? To raise the price above what you currently owe, and end up with cash-out? Or to refinance the 2 loans to a lower interest rate? The lenders are required to use the lowest "mid-score" of all borrowers. If his score is too low, I'm back to wondering why you want to do this? Is he going to live in the house now? If that is the case, the best idea would be to work with an experienced loan officer to take steps to raise his scores.
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