Joint Home Loan Application (One Has Good Credit - The Other Has Bad Credit)
If one person has good credit and the other spouse has bad credit, most think to just apply using only the good credit score. The trouble is, submitting only one partner’s information on a loan application will have the underwriters considering only that one partner’s income and assets when qualifying the loan. If the partner with good credit cannot afford the loan on their own, the couple must apply using both of their credit scores.
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