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Applying for FHA Home Loan While Seperated

by Nick
(Los Angeles, CA)



I'm thinking of buying property here in the state of CA. I have been seperated from my wife for 5 years. We do not own any property together. If my wife signs a quit claim deed that I have notorized, may I be eligible to apply for the FHA loan?

=====ANSWERS=====

Hello Nick,

I wanted to say thank you for visiting my site and asking your question.

However, first of all, what you're asking is border lining legal advice. I'm certainly not qualified to do that.

From a mortgage point of view, since I'm very familar with the FHA loan, I can say this.

You can buy a home without your wife. As long as you can meet the minimum mortgage qualifications it should be not problem.

Where you may encounter problems is when you go the sell the home. I do not know the laws of your state. It appears from my quick search that you are a community property state. This requires equal distribution of property.

Since you claim to be seperated and not divorced, your situation may be a little sticky. Please seek legal advice.

I hope you find this helpful. Please feel free to like us in FaceBook or give our website a shout out in Twitter. By helping me spread the word I can continue to make this site free for all to use.

Kind Regards,

Jeff

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