Married? Do we both have to go on home loan? FHA?
Posted 29 June 2012 - 04:06 PM
I am looking to obtain a mortgage this year (BK will hit 2 years August 30th). I have established accounts - good credit after BK, credit score 670. I work full time and annual salary is 75k. My husband has a STATE tax lien (under $3500), and we are working at getting all of his taxes filed in order to clear up the lien (get a payment plan).
My question is do I HAVE to include him on the loan? How does the LO know we are married? Is there a checkbox on the application that asks if I am married. I really just want to buy a home and he doesn't have a high income anyway being on disability, etc. His credit score isn't that great, it might be 620? So, my thought is why can't I just apply?
Posted 29 June 2012 - 04:34 PM
Posted 29 June 2012 - 04:46 PM
If you are not in a community property state it would be easier to do on your own
if in one of the 8 states that are you would have to include his debts as well which means a credit report - with a state tax lien showing an underwriter may take issue with that. Not saying they would but it may come up.
Posted 29 June 2012 - 05:22 PM
Hmmm, I guess we will see.
Thanks for the feedback.
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