Can I exclude wife who has bad credit?

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This topic contains 4 replies, has 2 voices, and was last updated by  tiredofrenting 10 months, 1 week ago.

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    Before we drive 100 miles to the nearest workshop, we like a definitive answer to 2 questions. The household in question lives in Texas:

    1) Hubby has a squeaky-clean credit file and has used credit for 3 years. His score is 720. Wife has a lots of derogatory history with scores in the 500’s. She has been a stay at home mom for 2 years and has no income. His income can support a mortgage. Can’t she be left off the mortgage application? We are working on her credit but it won’t be ready for 2 years.

    2) Does a NACA home have to be in a certain neighborhood? If so, how do we know which cities and neighborhoods qualify?


    Ok I found my answer to Question 2 here:

    Now I only need Question #1 answered.



    Hello tiredofrenting,

    She can be left off the mortgage application, but not excluded from the household financial picture.

    As the NACA Qualification Workbook notes: “NACA will retrieve a credit report for you, co-borrower(s) and for all members of your household over the age of 21 to review the payment history of debts affecting readiness for homeownership. This review will include both the debts you currently owe and those you paid-off, including utilities and other accounts that do not show on your credit report and debts that you may have been unaware of – such as medical bills that you thought were covered by insurance or credit card payments owed by your spouse, child or someone you co-signed for.”

    However, the thing to do is still go ahead and get started. it is never too soon to start the NACA program. Please remember that NACA is a counseling program, not just a mortgage application process. Your NACA counselor will work with you and let you know what is specifically needed to become qualified as soon as possible, and we will work with you as long as necessary to get the job done. That’s a heck of a lot better than guessing at what you need to get done and how long it will take, just to possibly find out that you guessed wrong and could have been qualified earlier or may have overlooked an item that needs to be dealt with and will now delay you even longer.

    Make the trip to the workshop. Get started now. It will be worth it.

    Tim Trumble
    Online Operations, NACA


    OK I assume you when you say, “but not excluded from the household financial picture” you mean any finical obligation she has in her name only will be counted in the ability to pay the monthly mortgage? That sounds good too because her credit has been so bad that everything obtained with credit has been in hubby’s name only, including cars and credit cards. Both cars are paid off and all credit cards have low balances. As long as she can be omitted, all should work out. Thanks!!


    BTW Tim the questions in this thread were for relatives and not me. I don’t want you mixing facts together when I ask my questions. Thanks for your responses and NACA appears to be a great program.

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