Financing in 11238>Question Details

Carissa, Home Buyer in Brooklyn, OH

Can my husband be the only person buying our home? I have law school debt and he doesn't

Asked by Carissa, Brooklyn, OH Thu Mar 13, 2008

Hoping that in NY, a husband and wife don't have to both be on the mortgage.

thanks!

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Yes, but I would speak to a mortgage professional in the area. There is a spot on the application where an applicant can list misc. household income - I did it the last time I purchased a home because my credit was poor and my husband's was great but I was receiving income from child support and real estate sales, so we added it.
Web Reference: http://www.HolliBoyd.com
1 vote Thank Flag Link Thu Mar 13, 2008
Yes - as long as he qualified alone. Also, you may be able to increase your household assets if you are bringing in any kind of income. You will both be on the deed.
Web Reference: http://www.HolliBoyd.com
1 vote Thank Flag Link Thu Mar 13, 2008
This question was asked and answered back in March of 2008.
0 votes Thank Flag Link Tue Jun 19, 2012
Dear Carissa,

I'd love to sit down and chat with you and your husband to complete a thorough Prequalification. I'm a Local Mortgage Banker and I've been helping HomeBuyers for 22+years here in the NY Metro region.

In the Prequalification meeting we'll review the building blocks of a successful mortgage application: IAC or Income, Assets, and Credit. Then we can determine the loan programs we can offer you and the programs that are the best fit depending on your family's goals and financial lifestyle. I'll also guide you through the entire process of buying a home, from finding a great local Realtor, to making an offer, home inspections, contract signing, loan process and closing. My clients get a personalized "First Time Buyer's Seminar."

I'm accessible seven days a week and I make house calls, so give me a call today and we can get you on your way to homeownership!

Trevor Curran
NMLS #40140
Office: 516-829-2900
Mobile: 516-582-9181
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528
http://www.phsloans.com
0 votes Thank Flag Link Tue Jun 19, 2012
YES!!!! Absolutely! It is done all the time!
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Thu Mar 13, 2008
Thank you so so much, I really appreciate it!
0 votes Thank Flag Link Thu Mar 13, 2008
Can my income help even with my credit not being checked? THANK YOU
0 votes Thank Flag Link Thu Mar 13, 2008
Also, we are first time buyers.
0 votes Thank Flag Link Thu Mar 13, 2008
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