Click To View Links

Need a Real Estate Coach?

Husband Not on Previous Loan

by Lisa
(Pennsylvania)



I bought our first house before we were married. We are looking to buy another house. Would my husband qualify for a first time home buyers loan? Do I need to put my name on the next house now that we are married?

=====ANSWER=====

Welcome Lisa to my website. Thanks for coming by and asking a question.

Certainly your husband would qualify for a first time home buyer loan. Even if he has been on a mortgage before this would be the case.

At this time, there are no tax credits available so he would qualify without having to worry about the 3 year period since having a mortgage.

If you are both looking to buy a home together, you would not have to go on the mortgage if he can qualify for it without your income. He could buy the house and you could ask to be on the deed to protect your property rights as his spouse without the mortgage obligation.

I'm not sure what the laws are in PA but some states have a dowry rights law to protect your rights. Please check with your legal professionals for information on this.

The best first time home buyer program I can suggest that is going at this time is the FHA home loan.

This requires the least down payment and offers the most flexible terms besides having a decent interest rate.

When talking to a lender, ask for the FHA 203B home loan program.

Take a look at the link on the page for more details on the FHA home loan.

Hopefully this helps.

Please pay it forward and tell others about my website. I want this to be the number one source on the web for good reliable information.

Best Regards,

Jeff Ragan



Click here to post comments

Return to Mortgage Questions.

Recent Articles

  1. Other Mortgage Down Payment Assistance - Money Gifts

    Aug 07, 18 03:02 PM

    Mortgage down payment assistance in the way of money gifts can be used. Find the best information on how to use these gifts for your mortgage.

    Read More

  2. Money For Down Payment

    Aug 07, 18 03:01 PM

    Need money for down payment? Find the coolest ideas for loan assistance to get you that important mortgage down payment here!

    Read More

  3. Best FHA Home Loans | Free FHA Mortgage Information Found Here

    Aug 01, 18 07:54 AM

    Looking for the best FHA home loans? Click here now, discover how to pick the FHA mortgage that fits your personal situation best.

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans


Follow Us On Twitter

follow me on twitter