Home Buying in 91602>Question Details

Robin Rattel…, Home Buyer in Granada Hills, CA

Can my husband purchase a home without me? My credit is not so great.

Asked by Robin Rattelsdorfer, Granada Hills, CA Mon Apr 4, 2011

We live in California

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The would depend on what type of your loan you are getting. Contact me for more info.
Web Reference: http://kobicosta.com
0 votes Thank Flag Link Mon Apr 4, 2011
My last loan was done on a home that we've owned for 30 years without my wife of 37 years as a co-signatore. I think a lot depends on the lender's policies, your relationship with them, your overall financial and employment situation and...............whether or not it was consummated before 2007.
0 votes Thank Flag Link Mon Apr 4, 2011
Best confer with mortgage broker after you have completed the loan application(s).

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Mon Apr 4, 2011
Yes, your husband can purchase and finance the purchase of a home without you as a co-borrower. As previously stated only his income could be used for qualification purposes.

You should also consider looking into what can be done to improve your credit score. I've recently been successful assisting a number of clients with raising their credit scores by asserting their rights under the Fair Credit Reporting Act. One client in particular realized a 153 point increase in score in under 45 days. This allowed us to refinance his mortgage and lower his rate. Feel free to contact me if you'd like any assistance.

(415) 475-9309
California Dept. of Real Estate #: 01371776
NMLS #: 271709
0 votes Thank Flag Link Mon Apr 4, 2011
Hi, Yes if your husbands credit and income are saitsfactory to the lender. Your best bet is to talk with a mortgage professional to find out exactly what your options are. There are many programs available these days.

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
0 votes Thank Flag Link Mon Apr 4, 2011
Yes, if his sole income can support the payments. Depending on the type of mortgage you get, he may also have to qualify attributing all debts to him, even those that are in your name alone.

Have a loan officer pre-qualify him to know for sure.
Web Reference: http://TripointMortgage.Net
0 votes Thank Flag Link Mon Apr 4, 2011
If your husband qualifies for the loan without your income, yes--therefore consider visiting with any qualified loan officer, regarding a mortgage qualification.
0 votes Thank Flag Link Mon Apr 4, 2011
Yes, generally speaking it is double. You will have to be ready to sign a quit claim deed.
The lender of your choice should advice you as they verify all details of your and you husband credit.
Please contact me if you would like any help or guidance.
Good luck,
Realty Executives Cornerstone
cell: 626-347-6281
0 votes Thank Flag Link Mon Apr 4, 2011
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