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#424626 - 06/03/13 07:59 PM Can we still get a Homepath mortgage if my husband has bad credit?
Mapper Offline
Member

Registered: 05/02/13
Posts: 87
Loc: WA
We found a really really nice bank owned home that is in our price range. It's a Fannie Mae Homepath. My credit is good, about 730. My husband's however is not. He had a 632 last time we checked. Our lender needed to get his credit score up to a 640 to get an FHA loan. We still aren't sure if it's there yet as we haven't heard back from her since he cleared up some debts and I added him as an authorized user to my credit card.

I have been reading that you need to have a 660 to get a Homepath. You can get one with a 620 score but it requires 20% down, which we can't afford. I don't suppose one spouse having good credit is good enough, huh? Is there any way around that other than just me dong the loan on my own?


Edited by Mapper (06/03/13 08:14 PM)

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#431892 - 01/15/14 10:40 PM Re: Can we still get a Homepath mortgage if my husband has bad credit? [Re: Mapper]
Sarah Mayer Offline
Junior Member

Registered: 05/27/13
Posts: 1
Loc: Vermont
Can you be on the mortgage without your husband? I would definitely recommend you consult with a mortgage officer. If this home did not work out, they can help you too raise his credit score to give you some more options. Good luck!

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