Since my hubby is getting ready to retire also, I can’t see putting the funds into this home if it will go to a nursing facility??? Arizona is the state of residence. If you buy a home using money you earned or inherited before the marriage, it can make sense to keep your spouse off the deed, title, and mortgage. His average annual income is around 50,000. with credit score between 650 to 680. Good morning, Jaimie. You can get in touch with them by filling out this form or calling (888) 980-6716. Well, there you have it. (1 1/2 years) My FICO is mid 731 due to high debt to income ratio (credit card debt from supporting my wife in the 1st 2 years of marriage while she had health issues), otherwise everything else is excellent, I have never had a negative or a late payment. If you don’t have a job, you can still be on the loan.

Or are we doomed to the uncertainty of getting our loan complete at the very end? First of all, you could get a credit card together, in which he is an authorized user on the credit account. We get married in about 3 months. We live in NC. Is it a bad idea to not be on the loan especially because I handle all of our finances. Would that impact his ability to obtain a mortgage without me being on it?

If your credit score is what you say it is, you’re not in bad shape at all. I’ve been extremely happy with Quicken. Would we be able to take his name off the business for a while and just have me on there that way he isn’t apart of the home buying process? Does this mean that we can divide our bills in half so my husbands debt to income ratio is at a better percent?. I live in New Mexico. For instance, if you want to leave your house to your children from a previous union, it’s easier to do when you don’t have to untangle the rights of your current spouse to do it. If you’d like to get started, you can get a preapproval online through Rocket Mortgage. They will reach out shortly to get more information on your specific situation and see which options work best for you. Hi

Every situation is different, but I’m going to have a Home Loan Expert reach out to you to get more information and see what your options are. Hello, That being said, I’m going to have someone reach out to you, for any advice they might be able to give. Unfortunately, if you apply for a loan on your own, only your income can be considered. Would it be possible for my wife to apply for a loan, even though she’s a stay at home mom, and the household income comes purely from me? (She doesn’t have good credit however and won’t have her name on the loan) Do we need to have filed our last to years taxes separately in order for a broker/loan officer not to consider my credit or inquirie as to our marriage status? Now we need a conventional loan and our loans will be due this year.

I’m going to have someone reach out and get you a definitive answer here. We would also like to buy a house but I have bad credit. That’s all I can tell you. Thanks for reaching out! He has no money and his credit is in the tank.

Is this a necessary form for a lender to have when that “gift” isn’t a gift but an inheritance? His liens might still be a problem, but not the fact that you file your tax returns separately. My fiancee & I pay $300.00 rent to our parents with an inactivebank acct… I just paid $200.00 for a bank & utility bill that was placed as a chargeoff & placed in collections when I was ill 2 yrs ago. My credit is fair with low DTI ratio and my husbands credit is fair but he owes back child support. Canada. Hi. Hi William! That said, I do wish you luck. He’s not contributing income and not being considered. I am currently married, but need to move on my own to another state. If you and your spouse have been seperated over 20 years but not legally seperated and you refinance your home that’s been in your name (only) for years, can the loan still be granted. He also has a p/t job but has only been there a few months, so the lender won’t count that income because he’s been there <2 years. If you both apply, there’s no way that’s going to work. However, you could eventually be on the deed. He has unpaid student loans and a a credit score of 540. Any information would be greatly appreciated!!! It is being cautious, but everyone’s situation is different, and this way they’re covered. If you cosigned the loan, you could use your income as well as hers which could help you qualify for a bigger house.

Can I apply for a personal loan or credit card while my spouse is buying a house (alone)? My husband and I were thinking of buying our first home together. I think the best way for you to get a definitive answer on this one would be to speak with one of our Home Loan Experts at(888) 980-6716. My name is not on the mortgage or deed.

He has a lot of debt and a low credit score. We live in Maryland. Thanks for reaching out.

If your mother consents, you may have some options around what you can do, but I’m going to pass your comment along to a Home Loan Expert. He is the only one on the mortgage but it just showed up on my credit report.

My husband is in prison since 2009. Otherwise, he would have to consent to his name being on the mortgage. Have a great week! Spouses do not have to apply together.

We’ve never had any issues. My husband and i are wanting to buy a house with a fha home loan.

The safest way to do this would be to wait to buy separate property until after the two of you divorce.

We have our mortgage through B.O.A here. More so than that, we want to maintain the privacy of the commenters, so when we require specific information, we like to move the conversation to a secure channel.

Me and my wife are separating and I’m trying to buy a house. Now that were married, were thinking of buying a second house in her name only and renting out my original house. Is it Legal for him to close on a house saying he is single. 2) If that is a problem, can he use my down payment without me being on the mortgage? It shouldn’t matter for a conventional loan. I have a 664 credit score with only one major negative report (lost my previous home during a medical event to the Wells Fargo fiasco) 6-7 years ago. Or should I not be on the loan at all since I have the foreclosure? The loan is in my name, so my name needs to be on the contract. Hi Valerie!

Oklahoma is not a community property state, so no concerns there. My husband purchased our home in a FHA before we married t12 years ago. However, I’m assuming your husband is not making an income right now. I know when we get married in November 2017 it shouldn’t matter as we will be married but I was curious how that would work if I got the Homeowners insurance under my current carrier as I have been with State Farm for over 11 years, I have a ton of rebates and it is much cheaper. You’d have to file with your husband. Is this true?

I’m wondering if he were to apply for the mortgage on his own, could he use my income as another source of income without my credit needing to be used.

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