Posted on: 13th Jul, 2011 05:42 pm
I have a couple looking to purchase a home; 20% down, conventional, she will NOT be on the mortgage/note/title. Arizona loan, community property, I am getting mixed answers on whether I have to include her debts, car payment and credit cards on his application. Any information or resourses would be greatly appreciated! I know on gov't loans I would have to but on a 80% ltv conventional is where I am getting mixed answers.
From my experience, if she is not going to be on mortgage/note/title, only his and joint debt should be listed on the application. Mortgage banker and broker in your area shold be able to give you a definite answer.
Val
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Val
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