Does the lender use both people as a measure of creditworthiness, or is it possible to focus on the spouse with the better score?

In the past, this was possible, but now the lowest score of the two (or however many) people on the application is used. For example, if two couples buy investment property or a second home, the lowest credit score of those four people will be used to determine the rate (which includes loan-level price adjustments or “risk-based” pricing).

This could also include parents that are co-signing a loan for one of their children.

Q: How can credit be repaired or enhanced?

A: If you or your spouse have poor credit, credit repair services may be necessary in order to qualify for a mortgage in today’s tough market.

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