community property debt: How Community Property Debts – Affect Home Loans
- 10/26/17 12:53 AM
Arizona is a community property state and because of that reason, there are different lending standards for certain home loans.
In this article, we will address the common home loans and how they are affected by a community property state.
FHA & VA Home Loans
When using a VA or FHA home loan to purchase or refinance a home, if you are married, then your spouse’s debts count against you for qualifying purposes, whether or not they are listed on your loan application. That means that any monthly payment that appear on either spouse’s credit report count as a debt, even if only one … (3 comments)
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