What happens to the credit score if I’m buying with a co-buyer?

If you are buying with a co-borrower, we use the lower of the two scores. For this reason, if you’re not relying on the second person for some of the down payment or income funds, it may make sense for the person with the better credit score to apply. That way you can have more favorable loan terms. Even if you do it this way, you can still have both names on the title.

Updated on: 06/06/2023