First time home buyer
My fiance meets all of the qualifications for a FHA loan, I just filed bankruptcy so I would not be able to qualify but is there a way for him to use my income as supplement to his without me being on the loan or deed to a house. by Melanie from Saint Joseph, Missouri. Sep 29th 2009
Joshua Crater (Rate1st.com)
#203 ranked lender in California - 47 contributions
Unfortunately No. All Lenders require you to be on the Loan if they are using your income to help Qualify. Since we have over 25,000 direct lending sources, we may be able to find a lender that will Qualify your Fiance based solely off of his income. Or possibly we could use another co-borrower other than yourself, perhaps a family member or close friend. Hope that this Helps...For more information please visit www.Rate1st.com or call us Toll Free 24/7 at 1-877-728-3178. God Bless and Have a Great Day!
Parham Rezaeipour (Parham Rezaeipour)
#3 ranked lender in Indiana - 8 contributions
No. to use the income you have to be on the loan. the bankruptcy needs to be 2 years old since the file date.
Tim Bradford (Tim Bradford)
#5 ranked lender in Ohio - 145 contributions
As said by others, if your income is used then your credit must be used as well. With the bankruptcy your credit can not be used. The option of a coborrower/cosignor is an option to be considerred.
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