Answer: -Assuming that you can go full doc (which means that you can provide paystubs, w-2s, etc), you can probably get interest rates from mid-high 6%. The 6 yr of credit history is long enough as long as he has at least 3 tradelines opened. To qualify using only your husband's income, the lenders are going to look at your ratios. What this means, is that the lenders will look at his $5416/mo income and only want to see a certain % going out to cover your housing expense (mortgage payment, taxes, insurance, MI- aka PITI) and a higher % for PITI + revolving debts (credit cards, car payments, etc). FHA lenders will allow 28% of your monthly income for your DTI (debt-to-income ratio) and 36% for your "bottom DTI", which is all your expenses added together. So looking at $5416/mo - FHA wouldn't want you to spend more than $1516.48 (28%) for your housing & $1949.76 (36%) for all expenses. With a purchase price of $159,900, and using an interest rate of 6.75% - calcualting your monthly mortgage payment would be $1037.11. Then adding the estimated hazard insurance ($53.30) + Taxes ($166.56) + Mortgage Insurance or MI ($127.92).. this would make your total housing expenses $1384.89. Divide this figure by your monthly income ($5416) give you a a "top DTI ratio" of 26%.. well within FHA guidelines. You didn't mention the dollar amount that your car payment is, so as long as all your other debts (car payment, credit cards, student loans, etc) DO NOT exceed $564/mo.. you should be able to qualify only using your husbands income.I know this is a lot of numbers that are being thrown at you, so if you have any questions you can get back to me. But roughly, based on the information that you provided - it looks like you and your husband are in a good position to be able to buy this home. -To many variables here. What kind of money are you putting down? Any? 20%? Hard to quote a rate without knowing this info. If you are looking at 95% of the purchase price (5% downpayment plus closing costs) most likely you will be in the low to mid 6% range, a good starting place would be 6.5%, but depending on what rates do and how much money you put down it could be less. If you are doing 100% financing, it would most likely be higher, say mid to upper 7% range.Congradulations to your husband for not having any negative credit, keep in mind however, that his lack of credit history could also have some effect on the rate also!