Who should be applying for the best deal me or my husband?

Well it depends on if one can qualify to purchase what you are looking for with just one of you. If you need both incomes then that would dictate how to proceed. The lowest mid-score will be used to secure your rate. All debt payments will be factored in to qualify. You put down as little as 3.5% with FHA and 5% with conventional. Yes, mortgage insurance will apply. MI is avoided only with conventional with 20% down. As for which type of loan is best should be determined by reviewing documents. Reach out to your local mortgage banker or broker.

if your husband has ample income to qualify for the loan you want - he should apple solo for a conventional loan ....if neither of your incomes is ample to qualify solo - you will need to do the loan together - Dave Skow | Loan Officer Movement Mortgage NMLS 278613 Dave.skow@movement.com Mobile (206) 714-9745

Generally, most married couples apply together. In this situation, I would generally advise you both to complete an application together. From there the Loan Officer can go over all three options; together, you, or him. Then advising how all these look, and what programs (FHA, Conventional, etc), down payment options, etc. Finally, mortgage insurance is a fact of life unless you put 20% down, and has to be dealt with. I lend in Iowa, Minnesota, Wisconsin, North and South Dakota. Cambria Mortgage, NMLS 274132. Find me at JoeMetzler.com