: Even if only one person is on the mortgage (responsible for payment), both spouses can usually still be listed on the property title (legal ownership).
: The lender only reviews the credit score and debts of the applicant, potentially securing a lower interest rate. buying a house when one spouse has bad credit
“I also think it is a bad idea to have your name on the loan but both on the deed (even if your income alone was sufficient). That is a recipe for you to get screwed. I know a girl who lost her entire life savings by doing that.” Reddit · r/personalfinance : Even if only one person is on
: In states like California, Texas, or Arizona, lenders may still be required to pull the non-borrowing spouse's credit report to count their debts toward your debt-to-income (DTI) ratio, even if their score isn't used for the rate. Strategy 2: Specialized Loan Programs That is a recipe for you to get screwed
Certain government-backed loans have more lenient credit requirements than conventional mortgages:
“We considered doing this... We wound up not doing it but we were going to get a post-nup if we did it so that the spouse not on the mortgage would still have to pay.” Reddit · r/FirstTimeHomeBuyer