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Can I use my husband's income but not his credit?

My husband filed ch 13 bankruptcy before we were married, he has approx 2 years left on it.  Is it possible for me to use his income but not his credit when applying a home loan? 
  • June 15 2014 - Sacramento
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Answers (10)

In order to use his income you must also take his credit into account. There are many lenders that are flexible on score so if he has made good on 12 months payments there is a decent chance he has 600+ score and will qualify. I have clients who are currently in Ch13 BK with scores as high as 680...
  • October 30 2014
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How long has he made on time payments?

Can you look up the discharge date?  Also the dismissal date?

What is purchase price or loan amount?

Is he a Veteran?

I think you may have a very strong opportunity to obtain financing with your husbands income.  Would be a great beginning to a beautiful marriage. 

If you can answer these questions we will know. 
  • August 07 2014
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If you choose to use your husbands income you will also have to use his credit.
  • June 29 2014
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So sorry to tell you no.
I wish you the best!
  • June 29 2014
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As much as I'd like to suggest a way to do this, the answer is no....

However, if your husband has made at least 12 on time payments related to the chap 13 BK, we may be able to include him on your loan now!

Feel free to contact me to learn more!

Best, Jeff M

  • June 16 2014
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To use his income without your husband's credit you would probably need to find a legitimate way to direct the income to yourself from the source, providing the income is not generated through employment.
  • June 16 2014
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No, if you use his income you must also use his credit.
  • June 16 2014
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You can choose to have him on the loan or not. If you were to use his income then you would have to use his credit as well.
  • June 15 2014
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in short, unlikely.
  • June 15 2014
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Profile picture for wetdawgs
You can use both his income and credit, but not just his income. 

With Chapter 13, with one year of good payment the court may approve him for getting a mortgage.  Hopefully with 2 years left he has made considerable progress on his credit scores.

  • June 15 2014
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