We are renting a home from my in-laws. We are looking into taking the loan out of their names and putting it into my husband's. I have bad credit from a divorce. My husband has excellent credit. I am worried that my bad credit will hurt the chances of the loan being approved.

No your husband does not have to put your name on the credit application. He will not be able to use your income to qualify either, but if this is not a problem, then he can go ahead and file mortgage loan application just under his name. You can still put the title under both of your names, and you will even sign a few papers at the closing, but you will not be signing the note. Don't even bring up your credit score when negotiate with a loan officer.

Good luck.

It makes no difference who will live in the home, Your husband can apply for the mortgage by himself as long as he does not need to rely on your income to qualify. If he meets the qualifications on his financial merits alone then it's fine.

If the house will be in joint tenancy (you and your husband) then yes, he will need to list you. If not, then no.

You don't have to. As long as his income and credit will suffice to get the loan, there's no need to.

You don't have to. As long as his income and credit will suffice to get the loan, there's no need to.

It depends how the Deed is registered. If you are a co-owner of the property, the mortgage company will certainly want you to co-sign the mortgage

It depends how the Deed is registered. If you are a co-owner of the property, the mortgage company will certainly want you to co-sign the mortgage