Buying Houses - Spouses

: Lenders consider both incomes, which usually qualifies you for a larger loan. However, they typically use the lower of the two credit scores to determine interest rates.

: A common guideline for safe homebuying is ensuring the monthly payment is no more than 30% of gross income, having 30% of the home price in savings (for down payment and reserves), and limiting the total price to 3x annual income. spouses buying houses

Before approaching a lender, spouses must have transparent conversations about their full financial picture, including debts, savings, and risk tolerance. : : Lenders consider both incomes, which usually qualifies