Can we get a loan now?

We would need to look at your complete profile, loan application, credit report for both borrowers, and income... your eligibility will be based on the lowest score of all applicants, so if your score is low, but your husbands is high, then the loan will be priced / approved based on your score not his. Best thing to do is to contact a local mortgage Broker not a BANK... and let him start the application process. He works with a vast number of lenders and can search for the best loan product for your particular scenario... WilliamAcres.com

Your answer is a qualified yes. We must look at the credit score, income and assets to qualify you and your Husband. A good Mortgage Originator will look at your credit and make recommendations for increasing your score. Ruth Healy lender@qnet.com

We would need to look at the credit report for the borrower and the co borrower. There are many things we need to look at with the over all credit scores and the credit trade lines that are reporting to the credit. Also starting a loan app, pulling the credit report and income information is the first step. Once we pull the credit repost and if the co borrowers score is to low then we can run the depts off of the borrowers income to see if we can get an approval. There are many different loan programs to get you into a home. http://bayareahomeloans.org Jesse Stroup 510-301-1827 The banks are still lending and getting loans closed!

Credit is only one factor, Loan to Value, Loan Amount, property value/conditon, income and credit are all factors. If you pull your credit too many times will effect your credit score. Make sure you have a good faith estimate along with a fee worksheet to insure that you have something to compare too. Bank need to charge more due to overhead, make sure you check out anyone you choose. Signalhillmortgage.com

Great question. First off, most of the answers below are correct as far as they go. California is a community property state, so the fact most of the credit card debt is in your husband's name is irrelevent...the debt will be used in any underwriting assessment of your mortgage qualification. I would recommend qualifying you on all income versus debt...then pulling credit. Remember, lending is going to use the lower mid score of all borrowers. Give me a call if I can assist.