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Updated almost 3 years ago on . Most recent reply

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Useing others credit for a mortgage

Posted

If anyone could help me I would truly appreciate it.

  The problem: 

Looking to buy my first home/investment property. I just recently (within 6 months) declared bankruptcy. I have decent enough amount of money for a down payment but don't believe I'll be able to get a loan on account of the bankruptcy. 

I would like to use my fiances name to aquire the mortgage. Her credit is 760 but nothing really as far as savings. And income is about 36,000 annually.

The question:

Is it possible for her to use my income on a loan? Or for me to give her my savings?

Any thoughts, tips, ideas?

Most Popular Reply

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62
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41
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Jocelyn Kaufman
  • Realtor
  • Utah
41
Votes |
62
Posts
Jocelyn Kaufman
  • Realtor
  • Utah
Replied

I would talk with your lender and see if you can both co-sign and how that would look. Then your lender can run the loan in each of your names and can tell you how it would be best.

  • Jocelyn Kaufman

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