PS: For your situation, the lowest borrower’s mid credit score (680-699, 700-719, 720-739)is crucial to pricing a NON FHA loan, as well as whether you have 10-14% equity OR 15-19% equity.
If mid credit score is below 680, FHA may in fact be your best option.
By planning in advance, it is possible to only use credit cards in the name of one spouse and possibly qualify for a loan with the other spouse’s income & credit.
Joint debt can be very hurtful, as in cases like this.
People can still be on the deed to a property without being obligated on the loan.
