Denied A Home Loan

[gousto64]

today i recieved information from the loan office that i qualify for a 150,000 dollars loan but with a wife i gualify for nothing. community property state.

what can we do.

[Philip Rogers]

You can try getting the mortgage in strickly your name but I don't recommend it as any marriage could fail at any time and you'd be stuck for the whole thing and could have to give up half besides. jmo

pr

Edited September 13, 2011 by Philip Rogers

[brokensoldier244th]

You should be able to afford the mortgage on your own anyway, regardless of marriage, just to be safe. Just apply for it on your own and add her later, or not.

[Philip Rogers]

Why would she want to be added to the mortgage, period, yet alone later??? Makes no sense. Usually a second person is on the mortgage just to make it easier to secure. She can be added to the deed, at anytime, subject to any existing mortgages.

pr

You should be able to afford the mortgage on your own anyway, regardless of marriage, just to be safe. Just apply for it on your own and add her later, or not.

[brokensoldier244th]

that's what I meant-deed, not mortgage, sorry. Either way, in a community property state whether she is on there or not doesn't really matter since, worst case scenario, she'd be entitled to half of it anyway, depending on the wording of the decree and the laws of your state.

Why would she want to be added to the mortgage, period, yet alone later??? Makes no sense. Usually a second person is on the mortgage just to make it easier to secure. She can be added to the deed, at anytime, subject to any existing mortgages.

pr

[gousto64]

The loan officer that the va guieded me

Requested her information before they would complete the loan app

And would not go any further without it