Imagine you and your partner are ready to buy a home together. The lender looks at both your incomes and adds them up to see how much house you can afford.
👉 Example:
Partner A: $70k
Partner B: $80k
Total: $150k combined income = more buying power!
But if you’re buying solo? It’s just your income that counts.
Next, let’s talk debt. If you’re buying together, all your monthly debts are considered mutual (yep, even their student loans ). Solo? Only your debts matter.
Now, here’s where it gets tricky — credit. If you’re buying as a couple, the lender will use the lower credit score between you both (not ideal if one score is much lower). But solo buyers? Only your credit score is factored in.
đź’ˇ Pro Tip: If one of you has a lower score but the other can qualify alone, some states let you have just one person on the mortgage but both on the title!
And about being married vs. not married? It doesn’t affect mortgage approval, but legally, married couples have more protection in case things don’t work out.
Was this helpful? Visit www.nicolespellmangroup.com for more home-buying insights!
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