will a bad credit spouse hurt our mortgage

If your wife's income Is not needed, leave her off the loan, and add her to the property title after the loan closes.

Yes.. Loan pricing is based on the LOWEST mid score of ALL borrowers. so by adding your wife to the loan, you will be priced based on a 610 credit score.. if you have enough income, or you don't need your wife's income to qualify, then your better off applying on your own.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Hi Harold, Thank you for your service. I can do VA loans down to a 600 score so if we do need your wife's income, it's no problem. If we don't need her income we can leave her off the mortgage but put her on the deed. Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank | Austin TX | http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states |

Yes, your wife's credit will affect your interest rate and more than likely will disqualify you for a mortgage. The only reason borrower's would need a co-signor is either to qualify for a higher sale price or to help someone's credit.

Hi Harold, yes your wife's credit score will affect the pricing for the interest rate, but as long as her credit looks good beyond the score you can still get a VA loan up to 100% financing with a 610. I would speak with a local loan officer and have them review all of your available VA options with you and with and your wife to see what makes sense. Best wishes, Sean