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How To Get A 0 Down USDA Rural Development Loan Even If Your Spouse Has Poor Credit
More people would be looking at buying a home in Arizona with the No Down Payment USDA Loan if they could buy without their spouses negative credit.  There are a great deal of reasons why one spouse may have very good credit and the other may have some negative credit marks; especially in this current economy.

They are called Spouse Only Loans and the USDA Loan does allow them.  The Spouse Only Loan looks ONLY at the credit report history of the borrowing spouse and does NOT even look at the credit history for the non-borrowing spouse.  The good news is if YOUR credit qualifies and your spouse has a bad credit history, you have the solution of not including your spouse on the USDA loan.

The RD AN number 4543 tells us explicitly that the Non-purchasing spouses credit rating is NOT considered a reason to refuse a USDA Loan application.

However, Arizona is a community property state so your application must disclose your spouse’s community property debt obligations on the application and you will need to qualify with those debt payments.

Here is how the program works…

The System will pull your credit and we ... more

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