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• Reputation: 2052 Q&A: 53 0 4 955 58 3 Classifieds: 0 0 what's this? Follow Following 4

  0 0 Mr. Griffin and I did exactly what you're asking in the first question--his income alone was used to get us a home loan via FHA. Since we're first-time home buyers, there might be some extra stuff going on, but yes, it is possible. As for the second question, did you go bankrupt for "good" reasons (medical debt or similar) or "bad" reasons (nasty coke habit, bad investing, or similar)? Griffin answered in Finance/Insure/Legal about 1 year ago | Report 4 comments by Dallas Swank, Griffin, and Dallas Swank… 0 0 The one to be omitted is the one with the hypothetical bk. Re goodness, it's for student loans way outta whack w earning potential. Particularly interested in your time frame due to Fannie & freebies newly tightened lending rules. Dallas Swank commented about 1 year ago | Report 0 0 We bought our house not yet 60 days ago, so this was with very recent rules. FYI, student loans are virtually impossible to have discharged via bankruptcy. Seek out the Income-Based Repayment (IBR) website from the feds and start there. Griffin commented about 1 year ago | Report 0 0 Was your credit used on the loan, which I'm assuming was FHA insured? I am aware of the hurdles re discharging the loans, but am going to try. Thanks Dallas Swank commented about 1 year ago | Report 0 0 Nope, our loan, etc. was done solely in Mr. Griffin's name, and then at closing I was added to the title. Griffin commented about 1 year ago | Report Enter your comment or ask a new question preview THIS IS A PREVIEW: Click "Post" to submit it or "Edit" to make changes. edit Please wait… This could take a minute if the tubes are clogged.

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  0 0 Yes. My house is entirely in my name. Because my husband had had a recent bankruptcy, the bank would not even consider a loan if his name were on the loan, and they would not consider any of his income (nor, luckily, any of his debts or late payments) when making the loan to me. They did make him sign a quit claim before we closed, basically stating he isn't on the mortgage and it isn't his house. Should I die, I imagine this would cause issues for him in trying to assume the loan, so at some point, I'm going to have to talk to a mortgage officer about that. Geni answered in Finance/Insure/Legal about 1 year ago | Report 2 comments by CleverScreenName and Geni… 0 0 My wife's on the title even though her income wasn't used to get the loan. Can you and your husband do that? Then he could at least sell the house; it sounds like he doesn't have any legal ownership now. CleverScreenName commented about 1 year ago | Report 0 0 He doesn't. That was their point with the quit claim - they didn't want him having any rights to the property because of his bankruptcy. But that's been more than a decade, so it's probably time to look into resolving that. I would not want him not to be able to at least get the equity out of the house if something happened to me. Geni commented about 1 year ago | Report Enter your comment or ask a new question preview THIS IS A PREVIEW: Click "Post" to submit it or "Edit" to make changes. edit Please wait… This could take a minute if the tubes are clogged.

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  0 0 Yes. Get yourself a singleuser checking/savings account and transfer your combined community wealth to be under your name (joint accounts with raise small flags....). Likewise with stocks and retirement funds, so that the partner with better credit maximizes the partnered assests before loan evaluation. The bankruptcy, if you co-apply, will likely dash your home hopes on the starkest of rocks. Especially one that fresh. Rev.Enant answered in Finance/Insure/Legal about 1 year ago | Report Comment on this answer Enter your comment or ask a new question preview THIS IS A PREVIEW: Click "Post" to submit it or "Edit" to make changes. edit Please wait… This could take a minute if the tubes are clogged.

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  0 0 Yes. we're not married, but we are domestic partners. We applied for our house loan using only one income, but both of us are on the title. CleverScreenName answered in Finance/Insure/Legal about 1 year ago | Report Comment on this answer Enter your comment or ask a new question preview THIS IS A PREVIEW: Click "Post" to submit it or "Edit" to make changes. edit Please wait… This could take a minute if the tubes are clogged.

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  0 3 In my experience..loans are versus income. Income generally should be above 30,000.00 a year for each or any individual seeking one. danton steele answered in Finance/Insure/Legal about 1 year ago | Report Comment on this answer Enter your comment or ask a new question preview THIS IS A PREVIEW: Click "Post" to submit it or "Edit" to make changes. edit Please wait… This could take a minute if the tubes are clogged.

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