Q&A: When a married couple buys a home, which person’s credit score is used to qualify for the loan?
Question by Judge Judy of Y/A: When a married couple buys a home, which person’s credit score is used to qualify for the loan?
Is it an average of both credit scores? And, is it strictly based on the “fico score” opposed to the information contained on the credit report? For exampe, my fico score is just average but my credit report is really really good, I think my fico score dropped because of numerous inquiries when I was shopping for a loan a year ago and also one late payment over 3 years ago.
Best answer:
Answer by Special K
They will look at both your credit reports if your buying the home together…But there is no black and white answer to this because there are all kinds of companies that do”creative financing” for home purchases, you need to ask them.
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Does credit score matter if you are getting married to someone overseas?
Question by *zemra*: Does credit score matter if you are getting married to someone overseas?
My brother was abroad for work for a few years and he just came back to New York. He fell in love with a girl and is planning on going back for New Years to propose to her. He wants to get a marriage lisence and get a fiance visa to bring her to the U.S.
His credit score isn’t so great, so will they deny his fiance a visa because of that?
Best answer:
Answer by bdancer222
Credit has nothing to do with it. Credit history and scores only impact Visa, the credit card; not visa, the document that allows entry into the country
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