Home Buying in 30097>Question Details

Steve, Home Buyer in Duluth, MN

Can one spouse of a married couple buy a house in GA w/o using spouse on mortgage or deed?

Asked by Steve, Duluth, MN Mon May 14, 2007

Wife has significant debt and lower credit score. I'd get better rates on my own

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4
Yes. The person buying the home can be the only person on the deed or mortgage. If you would like to add your spouse to the deed at closing you can do so or you may also choose not to add that person.

Hope this helps, contact us f we can be of further asistance. mattsells@kw.com
2 votes Thank Flag Link Mon May 14, 2007
Thank you. In case of divorce who own the house
Flag Mon Jun 13, 2016
Generally speaking when a deed is created it will include the parties for whom the "loan" was issued. If you get the loan on your own merit without your spouse then there would be no requirement for you to list your spouse on the deed.

However, make sure before you jump. If your spouse has significant debt - you may be tied to it - and/or the other spouses income may be necessary to qualify for the loan. Make sure in the end that neither situation will affect you overall cost for the loan - interest rates, etc.

Talk to your mortgage broker and get pre-qualified before you start you search... forewarned is forearmed.
Give us a call if we can help in anyway -- we can make it happen!
1 vote Thank Flag Link Thu Jul 5, 2007
Yes, you could get better rates if your scores qualify and your regular monthly debts do not exceed the mortgage standards. Best to talk to a few companies or get a good recommendation from someone you trust who has had a good experience. You can place whom ever you want on the deed once the transaction is signed off on or closed. For security you may wish to have your wife on the deed with right of survival. Otherwise the home will not pass to her and may end up in long probate procedures. Ask the attorney to set up title in both names at the initial closing and you won’t incur extra costs of a separate title search. Should you find that you still can't qualify, I know of a few options which maybe available.
Web Reference: http://www.RobinLanese.com
0 votes Thank Flag Link Fri Feb 22, 2008
Matt's answer is right on. Either spouse can purchase a home. In addition, at closing you may add whoever you wish to the title.
Web Reference: http://www.jrjarvis.com
0 votes Thank Flag Link Mon Jun 11, 2007
Joshua Jarvis, Real Estate Pro in Duluth, GA
MVP'08
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