My wife and I are interested in buying a home but she will likely need to be the only borrower on the mortgage as my credit situation is pretty poor with a score under 500, recent bankruptcy etc… She has a FICO of about 630. I’m just finding out that it is pretty much impossible for her to be the sole borrower and be able to include my income with hers. Her gross pay is about $3,900 monthly. We live in MA so a low budget home is going to run us around 250,000. I have learned about the Homeready mortgage option as pretty much the only option that would allow my income to be considered to lower the DTI which would help some but not sure it would get us a $250,000 mortgage. Together our net monthly is about $9000. I would expect my credit situation to turn around in 7-9 years but we would prefer not to keep renting for that long. Does anyone know any other mortgage options that would consider my income as household income but allow me to be a non-borrower? Does homeready allow closing costs to be rolled into the loan? If so, we were figuring 3.5% down (about $9000). Moving costs would be negligible as there will be no need to hire anyone. We don’t have a ton of money in savings, we aren’t trying to buy a dream home just an alternative to renting.