Question
On a FHA home loan do they look at the co-signers credit/income?
My husband does not have good credit but makes way more than I do. My credit is 704 or higher I believe, our debt to income ratio is 20%. I have worked at my job for 2 years and he has worked at his for 6-7. We can afford to pay a mortgage payment of 1209 according to an FHA calculator. If he is my co-signer would they just look at his income and not his credit? Or they would still look at everything? Thank you
5 months ago - 2 answers
Best Answer
Chosen by Asker
They will consider income AND credit standing. Both are important to lenders in determining whether or not to grant a mortgage loan. If his credit is poor, he will not be accepted as a valid co-signer any more than he would be accepted for a mortgage.
by acermill
5 months ago
Asker's Rating: 
Other Answers
They look at both income AND credit, not just one of them.
by Judy- 5 months ago