Will my spouse not having any credit history affect us qualifying for a mortgage?

We created the easiest process to request and submit mortgage info!

Start with our online application

book a call with one of our experienced mortgage nerds
Will my spouse not having any credit history affect us qualifying for a mortgage?

Question: My husband and I recently started looking at houses. We were…

In a matter of days we were approved for an FHA loan
Luckily we found Julie
I’ve used Julie’s services twice
Julie was a breath of fresh air. She’s smart, experienced, easy to communicate with
My hubby and I worked with Julie to purchase our first home and it was awesome
THANK YOU JULIE AND TEAM for everything!
Julie is a ROCKSTAR!!!
CONTACT
CONNECT

Question:

My husband and I recently started looking at houses. We were hoping to buy by the time our current lease ends next year, but I have a big question around qualifying for a mortgage. My husband has zero credit history, and my FICO score is 670. Should we be worried about qualifying for a mortgage because of this?

Answer:

Well, if you can get your scores in the 700+ range, that would definitely help you qualify for the best interest rate, but even with the 670, there’s plenty of loan programs available to you depending on how much you’re putting down.

Many loans don’t require a minimum number of credit lines (aka “tradelines”). Your mortgage broker should tell you if the loan you are considering does have a tradeline requirement. Even if there is a requirement, since you’re planning to buy next year, your husband has plenty of time to something like:

  • apply for a couple of credit cards – department store cards are great if you wanna also take advantage of the sign-up discount on your next purchase 😉
  • get added as an authorized user to some of your accounts, which might help improve their credit profile as well.

All of those will help build his credit and hopefully result in tradelines and, hopefully, a high credit score.

PS Check out our simple eval process where you can choose whether you want to: get real rates specific for your scenario (beware of teaser rates!), see how much home you can afford, get pre-approved, or quickly submit your contact info so we can get back in touch.