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jesskritter · Joined: 12 May 2009 Posts: 2 1.73 Dollars($)

I am married and have owned my townhome for almost five years now. My husband and I need something bigger for our growing family (we have a 16 month daughter). The home we are in now is only under my name, therefore, my husband has never owned a home. We were interested in trying to do the USDA Guaranteed Rural Housing Loan; however, like FHA loans, do they have to look at my background, history, debts, etc.? We were just planning on renting our existed home. I figured since these Rural Loans are conventional that my husband could be the sole owner on the Title. If anyone has any information about this, I would greatly appreciate it. Thanks!

Jason1

Hi, your husband will most likely be asked to provide 1040's for the past couple of years. If you file jointly and you both have taken advantage of the mortgage interest tax deduction it will show on your taxes. I think this may complicate your scenario.

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USDA Guaranteed Rural Housing Loans Question