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Originally Posted by Verge
I was told that for my loan my wife's college grad. doesnt count because she doesnt make enough money to qualify. can anyone tell me if this is true?
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Quote:
Originally Posted by |-Goku-|
As long as she can qualify credit wise and she has a job in the field she graduated in. You will be fine.
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From what I've been told, if you qualify credit wise, and you have the required graduation criteria, you qualify for the rebate. So if she doesn't qualify for the rebate but has the graduation criteria, that means she didn't qualify for the credit.
There is a minimum monthly income to qualify for credit, and according to what my dealership told me, TFS minimum income qualification is $1600 monthly. There are some exceptions in which they can try and get you qualified if you have a co-signer with an income more than $1600. But the chances of getting approved is lower because the bank will primarily look at the buyers income more than the co-signers'.