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t_williams · Joined: 24 Aug 2008 Posts: 2 1.77 Dollars($)

TN is it a marital state

t_williams · Joined: 24 Aug 2008 Posts: 2 1.77 Dollars($)

trying to get an fHA Loan but my wifes scores are too low, can I take her off and leave her on the deed

jenkin7 · Posted: Mon Aug 25, 2008 3:45 am Post subject:

Hello Williams.

Welcome to the forums.

You cannot take your wife out of the deed unless and until she signs a quitclaim deed. BTW if you want to take her off from the mortgage then you need to refinance the loan on your name. But only if the mortgage company approves for that. So consult with the lending institution ASAP.

ckalvesmaki · Posted: Mon Aug 25, 2008 5:35 pm Post subject:

yes but her debts will need to be included.....what are her scores?

jmiller · Joined: 04 Sep 2008 Posts: 13 5.75 Dollars($)

You should try to refinance with your wife's current credit scores, even if they are low. When you are married, it is best to try and do this transaction together. Typically, if your wife's credit is too low, the bank will let you know b4 moving forward in the process.

If this happens, they will continue the loan process, using only your credit - just make sure that both of your names are on the deed/title vesting.

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gmakerley · Posted: Fri Sep 05, 2008 9:18 am Post subject:

the key question is this: how low is low?

once again, with fha financing, you may stand a good chance to refinance and not have to worry so much about her score.

lisascherzer · Joined: 04 Jan 2008 Posts: 755 1.12 Dollars($)

You can refinance in just your name if you qualify with your income and obligations. Talk to a loan officer about this option to determine if this is possible. If you will qualify on just your income, this is the best way to go. Also, you can still keep her name on title even if she is not on the mortgage.

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Trying to refinance but my wife credit scores are too low