If you’re thinking of adding an authorized user for that purpose, you’ll first want to check with the card issuer to see if they report authorized users to the credit reporting agencies, and, if so, if the account is reported as if it was their own. If it is, the credit account will be listed in the authorized user’s credit file.

What Is The Minimum Credit Score For A Fha Loan Mortgage prequalification is an informal evaluation of your creditworthiness and how much home you can afford. Prequalification indicates whether you meet minimum requirements. of your credit.

January 3, 2011 "The underwriter assigned to my mortgage has rejected it on the grounds that my excellent credit score may be due to my being an authorized user on my grandfather’s credit card. My own credit record is perfect but so is my grandfather’s, and the underwriter says that unless he can get a credit report based on my credit record alone, my application will be rejected.

This could include a secured card or becoming an authorized user on someone else’s card. to lower your debt to income ratio by reducing your student loans so that you can max out your mortgage. If,

Improve Your Credit Score Using "Authorized" Accounts. There are dozens of mortgage loans available to today’s home buyer – many of which allow for low- and no-downpayment.. However, your.

This happens when someone with an established line of credit, includes you as an authorized user. Your credit score is an essential contributor to your financial health. It is the ultimate factor in.

Best Place To Apply For Fha Loan For an FHA loan you will need 3.5% down which can be a gift from family. you will also need a 620 credit score a 2 year work history and an acceptable debt to income ratio. you may ask the seller to pay closing costs. your best option is to sit down with a local lender to discuss your options.

Adding someone’s name to the mortgage means they are jointly responsible for repaying the loan and puts both of your credit scores on the line. Unfortunately, because a home loan isn’t as easy as just calling the mortgage company and adding a name, you’ll have to.

“The eOriginal solution is one of the most user-friendly options out there,” Freel. The company currently services nearly $90 billion worth of mortgage assets, and is authorized to service loans in.

He can not add you as a Authorized users on a home loan. He can add you as a Authorized user on a Credit Card. it Might Help a little, depends on how long he has had the Account, if there is any bad marks on the account etc. to many unknowns to say what might happen.

Further, Mid America will also offer employment to loan production. mid america mortgage, Inc. LEGAL NOTICE AND TERMS OF USE: The content of the above press release was provided by the “news source.