Can I buy a home in Tacoma using FHA financing in just my name, not my spouse?

Mortgage and Lending with NMLS ID 108542

A credit report is required on a non-purchasing spouse residing in a community property state or when a property to be insured is located in a community property state. A valid and reliable verified credit profile of the non-purchasing spouse must be established and their debts included in the borrower's ratio unless the lender can document, as regulated by state law, that the obligations may be excluded.

Although the non-purchasing spouse's credit history is not to be considered a reason for denial, it must be obtained in order to determine the debt-to-income ratio of the borrower. If there is an indication or discrepancy regarding the non-purchasing spouse's social security number or credit status the lender, remains responsible to exhaust all possible means to resolve the issue through direct contract with the Social Security Administration, a service provider with direct access to the Social Security Administration and/or the credit reporting agency.

The spouse's release to order and receive a credit report must be obtained by the lender. If the non-purchasing spouse refuses to provide authorization for the credit report, the lender would be unable to establish the borrower's liabilities, thereby making the loan uninsurable if it is not closed in accordance to FHA's rules, regulations, policies, procedures, and guidelines.

Posted by

Kevin Tinsley
All Tech Mortgage Inc.

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499
MB-108686 MLO-108542

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All Tech Mortgage Inc. - Locally based in Tacoma, WA since 1996, we shop, compare rates & fees and connect you with the best mortgage lenders in the Northwest. The mortgage rates we quote are typically .25% - .50% lower than most mortgage companies like Bank of America, Chase, USAA, BECU, Lending Tree and Wells Fargo. Plus our fees are some of the lowest in the industry. 

We specialize in FHA, VA and Conventional No Cost and Low Closing Cost  fixed rate purchase & refinance Home Loans and offer true wholesale pricing from our lending partners.  At All Tech Mortgage we never expect your business, but hope to earn it with my aggressive pricing, speed, and overall efficiency.


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