---

on a usda loan can you use just one person

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
mike_vietmeier Joined: 18 Apr 2011 Posts: 1 1.40 Dollars($)	Posted: Mon Apr 18, 2011 10:22 am    Post subject: on a usda loan can you use just one person Like 0 Dislike 0 My wife and I recently went to a bank to purchase a home we were pre approved but under the usda loan we made 1400.00 a year too much. The bank told us my wife's credit score was too low. But before this they said if my wife's score was too low and my score and income myself would pass which it did then we could just use my income and my credit score. Now they said we can't do that we have to use both incomes even though my wife didn't qualify but we got pre approved through me with my credit score and income. And then they refused to do any loan except for fha which then we canceled the contract because of misrepresentation so can I qualify by myself then thank you for your help sorry I wrote so much I have a hard time with my brain injury that I got in the military. Thanks again I really appreciate any help
Guest	Posted: Mon Apr 18, 2011 4:36 pm    Post subject: Like 0 Dislike 0 Hi Mike, Welcome to Mortgage fit, If you are a veteran then going for VA loans is also one of the choice.they are also financing 100% at reasonable rates. Coming back to your question,it is not mandatory to have credit of both husband & wife, but as far as income is concerned,household income is considered for the assessment.and thus for that reason these people require income proof of both husband and wife.... I think you should get a quote from other lenders as well.... our community also has a list of lenders and you can request no obligation free quote from them. http://www.mortgagefit.com/lowest_mortgage_rates.php?loantype=1&zipcod e=&statecode=IN&loanamount=200000 feel free to ask any further query if you have....... DIPA _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0