Posted on: 11th Apr, 2012 08:11 pm
TN -
Husband 711 credit, Full time student, no current work history
Wife - terrible credit, $100,000 income
Any possibility of a loan? Stated income loan based on bank statements?
Husband 711 credit, Full time student, no current work history
Wife - terrible credit, $100,000 income
Any possibility of a loan? Stated income loan based on bank statements?
Yes, by using the good credit score of husband, loans can be obtained. Income of the wife can be used for down payment and loan repayment purposes.
Sorry, I know of no way to do a mortgage using your cerdit score and her income.
I suppose it may be possible to do a hard money loan.
That usually involves about 50% down payment and higher than normal interest rates.
I suppose it may be possible to do a hard money loan.
That usually involves about 50% down payment and higher than normal interest rates.
