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4 years ago
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I'm married, but my husband has no social and no credit, how will this affect a loan?

My husband and I want to buy a house. We tried buying with my parent's help, we were about to get approval of a loan, but when my husbands credit and social info was reviewed, they declined it. After a few months, we are trying again, however, I am now claiming my self as a single buyer. I have been pre-approved. My husband has no social, therefore no credit. Will this affect the approval of the mortgage once we find a home?
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Trevor Seemann
Browsing Housing
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2 years ago
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If you are having difficulty getting financing there is big reason for this.
A lack of collateral. Lenders want their loans backed by something of value.
That is where we can help. We are collateral providers.
With our financial guarantees you can get a loan from $100,000 to $10 million and above.
The collateral we provide will guarantee your debt until it is paid off.
This is an effective form of alternative funding.
All you need is a good business plan or executive summary.
Respond by email for more information. trevor_seemann@yahoo.com

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3 years ago
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I went through a similar situation but had no problems. The loan was only under my name: the bank considered my credit history and income. He signed the title papers b/c we're married and living in texas. As long as your credit and income are good, you can say you're married, get approval under your name and he can sign at closing. If you're considering his income, it needs to be acquired legally. For instance, if he has a work permit or if he works in his country of citizenship.

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2 years ago
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You don't necessarly need to include your spouse's information. You can finance by yourself eventhough your married without the lender ever pulling any information on your spouse. You must fianance with a conventional loan because FHA will include your spouse as a determining factor and you must have good credit to be able to do this and of course good debt-to-income ratios.

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