Marriage and mortgages

[ajs09876]

What is the name of your state? MN

Does anyone know if I am married and buying a house does my husband's credit need to be used for getting the mortgage? I've heard different answers with each person I ask and can't seem to find it on google.

 

[Gadfly]

If you qualify without your husbands income then no, but if it takes his income to qualify, then yes.

However, you should know that when they pull a credit report on you any joint accounts will show up and affect your score.

 

[ajs09876]

Well, my fiance and I would like to get married. His credit is not so great, but mine is good. Not excellent, just good. We would like to buy a house in the next two years (we have a two year plan) but someone told me we should wait to get married until I buy the house or they will have to look at his credit because we are married. (I make enough to finance the house by myself.) Do you think getting married would be a problem (in regards to buying a house?)

 

[lilies34]

what about asking a loan expert or agent on that?

 

[LindaP777]

Absolutely wait to get married to buy the house if you want it in both your names. If you buy the house now, get it in one name only, so if the relationship falls apart, the house is still yours.
(If you were married and the relationship falls apart, the house would be settled in a divorce and the judge would order what would be done with it. If you are not married, it becomes an ugly battle.)

 

[ajs09876]

Thanks everybody!

 

[LindaP777]

Thanks everybody!

Our pleasure! Another satisfied customer! That makes 3 . . .

 

[HomeGuru]

Our pleasure! Another satisfied customer! That makes 3 . . .

**A: Wow, 3. Does that include the 2 from last year?

 

[gbarney04]

I'm not an expert but I'm married and our houses have always been in my name alone (I purchased them on my own as well). If your future husband is anything like mine, you'll feel more financially secure having everything in your name.

 

[LindaP777]

I'm not an expert but I'm married and our houses have always been in my name alone (I purchased them on my own as well). If your future husband is anything like mine, you'll feel more financially secure having everything in your name.

Your situation is nothing like the OP's. You're married, they are not. Please do not add to the confusion by giving your unrelated example.

 

[LindaP777]

**A: Wow, 3. Does that include the 2 from last year?

Well, one from last year and the one from 2006 . . . but it was late in the year in 2006 so we can count it with last year . . .