will my spouse's income be considered for approval?

the answer is 100% YES. regardless of if tax return is filed jointly or as individuals.GOOD LUCK......

I am not sure what kind of loan you are applying for but...If your income is good enough you may want to avoid adding a spouse with lesser credit. A co-borrower's score, most of the time, will be used in place of yours when review takes place. Therefor, this may increase your interest rate and/or loan may be denied. Hope this helps, but I would ask whatever professional or lender to analyze and discuss with you which is more beneficial beforehand.

Hello, Depending on your exact credit scores, history, and income break down, you will want to deal with an experienced lender that can break out several options here and explain the pros and cons of how each affects your purchasing power and loan terms. I specialize in educating my buyers on these types of items so that when I do financing for you, you are prepared for the transaction as well as better prepared for your next transaction!I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

In order for both incomes to be considered, both have to apply and qualify.. understand that the loan will be priced based on the LOWEST mid score of ALL borrowers.. so your excellent credit will be minimized to your spouses good credit when it comes to loan pricing.. if you don't need the income, and can qualify on your own, you can purchase and once the loan has funded, deed the property into both names.. 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

It can and will be if you are both applying for the mortgage. However, depending on the difference in credit scores the interest rate could be higher due to his lower score. Generally if you are over 720 but he is below it may be better not to have him on the loan.

In order to include someones income, that person has to also be on the loan application. As long as they are on the loan, no problem. On the other hand, say only you are on the application - then you can NOT include the other persons income