Home Buying in Antioch>Question Details

v.byers, Home Buyer in Antioch, CA

if a married woman wants to buy a home ( in her name only) would a state tax lein with her husband prevent her from buying??

Asked by v.byers, Antioch, CA Wed Sep 19, 2012

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Robert Chomentowski’s answer
It depends if you want to get a conventional or FHA/VA loan. FHA/VA are going to require a joint credit report even if your husband is not on the loan, and the tax lien may be an issue. With a conventional loan the lender will only run your credit so the tax lien will not be an issue.

If your husband is making payments on the tax lien, then even if you go FHA/VA you would just have to factor those payments into the debt-to-income ratio. Give me a call if you want to discuss.
1 vote Thank Flag Link Wed Sep 19, 2012
can a married woman buy a home in her name only in the state of florida?
0 votes Thank Flag Link Mon Dec 9, 2013
If the tax lien is in both of your names, then it could prevent you from getting a loan until it is paid off. Buying a home only in your name will not solve anything. However, if the tax lien is only in your husband’s name and your personal income and credit will allow you to buy a home, then you are OK to buy in your name only. Your husband will need to sign a quit claim deed to release himself from title prior to closing.
0 votes Thank Flag Link Wed Sep 19, 2012
the tax lien is his only. my credit is good. i have been told that because of this debt he owes , i can not quilify for a home loan by and loan agent?? i guess i should talk to another agent thanks
Flag Wed Sep 19, 2012
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