Profile picture for marc1998

Cedit scores for a married couple

How do lenders evaluate the credit scores for a married couple?  Do they average them, take the score of the highest or lowest person or what?
  • January 10 2010 - Valley Falls
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Answers (4)

Profile picture for Memphis Owners12

Generally speaking, lenders look at the lower middle score of the two borrowers. 

Only income-producing spouses will be on the loan. 

However, in some states-- for example, TX-- the liabilities of both spouses will be considered, regarless of who is on the loan.  In other states-- such as TN-- this provision does not apply.

  • January 13 2010
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Profile picture for Brian G. Allen
All on point so we hope this helps and one with the higher score can apply however the max loan amount will be based on the applicants income and if you have joint liabilities those will also be counted as debt for the applicant.
  • January 11 2010
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Some Portfolio Lenders use the middle score of the primary income earner for rate and qualification. Although, the co-borrower must have at least a 650 middle score. .... Best wishes, Rudi
  • January 11 2010
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There is typically a tri-merged credit report pulled on both the borrower and co-borrower. The lender considers the middle of the three credit scores to be the borrower's credit score. When considering whether or not to offer financing, the lender will consider the lowest middle score of the 2 borrowers.

For example:
Borrower: 625, 639, 647
Co-Borrower: 591, 610, 625
In this situation, the credit score the lender will consider is 610.
  • January 10 2010
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