Posted on: 19th Aug, 2011 01:42 pm
Here is the deal.... A house just got forclosed that we both like very much. Its valued at $159k and the bank owns the house and dropped the price to $109k from $129k. I make $24k a year, and have a 618 credit score. My girlfriend makes $22k a year and has a forclosure on her credit score from 2 years ago and a bad past. so cant use her score. If we combine our income we can do it even with my credit score. Every lender I been talking to its either I have enough credit to get a loan but dont make enough and CANT use my girlfriend.... or I dont have enough credit and CAN use my girlfriend (household income). Seems its 1 thing or the other but not both. Im trying to get a loan for this house with my credit score, and BOTH of our incomes. Possable? I live in PA.
She has a forclosure on her credit, and when i bring it up to lenders im talking to they all say "better just to leave her off the loan, because she wont help anything, maybe make them worse"
Hi schweitzershane!
Welcome to forums!
When the lenders are not ready to consider her as a co-borrower, then it's better if you don't include her in the mortgage docs.
Sussane
Welcome to forums!
When the lenders are not ready to consider her as a co-borrower, then it's better if you don't include her in the mortgage docs.
Sussane