Household Income Versus My personal income, loan approval.

[Lakshay G.]

Hello there,

I am working on my New Year Resolution, which is purchasing a buy and hold property :) I have a general question. So my household income (my spouse and mine) is good enough (above $75K) to get money from hard money lender but my sole income is less than $30K/year which derives my question whether I can get financing easily considering my household income and if I have enough cash to put up front for a deal or does my spouse's name have to be on the deal as well?

I hope I did a good job explaining my question. In simple language, when seeking approval for a loan, will only my income and credit score (which is excellent by the way) be verified or my household income count? I am not looking for conventional loans.

Thanks in advance folks.