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please guide

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Icon Mini Profile sunil87020





Joined: 04 May 2009

Posts: 339

26.96 Dollars($)
Post Posted: Sun Dec 26, 2010 5:21 am    Post subject: please guide
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please guide my friend-
"I am married due to religous reasons I will stay married but I would like to buy my own home. I have been removed from my husbands mortgage. I have excellent credit have been approved for 150000.00 loan but due to the marriage lenders wont give me a fha loan what can be done?"
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Sun Dec 26, 2010 7:28 pm    Post subject:
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Hi sunil,

If your friend doesn't live in a community property state, then she will be able to buy a property of her own. Your friend won't require her husband's signatures on the property deed. However, if she is living in a community property state, then the lender will want her to add her husband to the mortgage and the property deed. She can ask her husband to sign an inter-spousal deed releasing all his claims over her property. This might help her in getting a FHA loan on her own.

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