Hi everyone. Getting ready to apply for an FHA loan. My credit is almost there but my spouse's credit is not. Is your spouse required to be on an FHA loan?
Is your spouse required to be on an FHA loan?
No, but in the 9 community property states (California is one, I have no idea about SC), we must consider the spouse's credit report debts even if we do not consider her FICO score or income.
Not in Florida. I often will drive one person's credit up, help them qualify for a mortgage and purchase a home and then go back and do the spouse. Ask your lender to be sure about your area.