personal issues aside...i just want to know if we'll be denied or frowned upon by a lender because we want to buy a house together but aren't yet married.
2007-09-02 03:45:05 · 6 answers · asked by kestrelk8 6 in Business & Finance ➔ Renting & Real Estate
There will be absolutely, ZERO consideration by the lender regarding your marital status. That would be discriminating.
Go for it!!
2007-09-02 04:00:15 · answer #1 · answered by DallasLoanGuy 2 · 0⤊ 0⤋
Nope ,
A mortgage is strictly business . . .
If you have the bucks (20% down is the desired amount now)
And Both of you have FICOs over 720 ,
And your combined income indicates you can make the payments ,
Then you are good to go ( unless this is some faith based credit union from a church , then that might be a different ball game ) . . .
Your income & debt & the loan amount is ?
Your down payment is ?
Your FICOs are ?
>
2007-09-02 04:10:01 · answer #2 · answered by kate 7 · 0⤊ 0⤋
As long as you both have good credit, income to support the payments, etc, then it will not matter to the lender if you are not married.
2007-09-02 05:08:01 · answer #3 · answered by Sophiesmama 6 · 0⤊ 0⤋
NO NO NO NO
It's done all the time. But you should both pull your credit reports together prior to doing this. I know several people who found surprises in their fiances' credit reports. That could impact the rate you pay and what programs you can use.
2007-09-02 04:11:07 · answer #4 · answered by CJKatl 4 · 0⤊ 0⤋
Federal law prohibits such discrimination.
2007-09-02 04:10:38 · answer #5 · answered by Jeff S 2 · 0⤊ 0⤋
None. It would be illegal. However issues could arise if there was a breakup.
2007-09-02 04:04:17 · answer #6 · answered by Bob D 6 · 0⤊ 0⤋