For an FHA refinance in Arizona, a Community Property state, you can qualify on your own, although your husband's credit will have to be pulled. The purpose of the credit report is to verify any debts owed by the Community (you and your spouse). The debt payments wil be counted in calculating your debt ratios, but your spouse's derogatory credit will not disqualify you.
This is how one lender describes it: "Non purchasing spouse credit reminder: A credit report is required on a non-purchasing spouse in a community property state. Although the non-purchasing spouse's credit history is not to be considered a reason for denial, it must be obtained in order to determine the debt-to-income ratio of the borrower."
Keep in mind, the judgment might still be an issue if the judgment is of a nature which could "cloud" the title to the home, in which case it would have to be paid off.
Give me a call or email me and we can discuss this further and move forward on getting you refinanced.
Bill Parker, Loan Officer
AZ Lic# 09011570
CPA--Licensed, no longer practicing
GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496; (M) 602-565-3646; (F) TBD
MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.
If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter
I currently have a client with a similar situation. Here is how it can be resolved: First, you will want to quit claim the deed into your name and have your husband sign a "disclaimer deed" which will release all ownership interests to you. Arizona is a community property state with married couples. Then, you will be able to refinance the loan solely in your name. After the refinance you can always quit claim the deed back into both names. I hope this helps!!
Please let me know if I can be of any additional assistance with your real estate needs.
Sean Heideman, Broker / Owner
Here is a great lender that could help you out:
Ryan Gilliam - Senior Mortgage Banker - (480) 635-3035
Waterstone Mortage Corporation
Realtor-Keller Williams Realty Sonoran Living