Can I buy a house without my spouse in Missouri?

Can I buy a house without my spouse in Missouri?

In a common-law state, you can apply for a mortgage without your spouse. Your lender won’t be able to consider your spouse’s financial circumstances or credit while determining your eligibility. You can also put only your name on the title.

Should I put my spouse on the mortgage?

Of course, there’s no rule that says you have to apply for a mortgage with your spouse. In fact, leaving one person’s name off the mortgage might be more sensible. You might have an excellent credit score and the ability to qualify for the most favorable interest rate.

What mortgage documents does a non borrowing spouse sign?

In general, the spouse must sign a deed of trust, the Truth in Lending and Right to Cancel documents. By signing these documents, they are simply acknowledging the existence of the mortgage.

Do mortgage lenders check if you are married?

Lenders can’t deny you because you aren’t married. Mortgage lenders can, however, ask and verify your status. While federal law prohibits mortgage lenders from discriminating again you based on your marital status, you must disclose whether you are married and provide information about dependents and divorce.

Can a spouse refinance a home without the other?

If you’re the sole owner of a house, you can refinance without your spouse’s signature or consent. If you own a property together and both of you want to remain as borrowers on the refinance loan, then your spouse will need to apply for and sign the refinance documents.

Can I use my wife’s credit and my income to buy a house?

Solid credit histories and strong incomes can make getting getting a joint mortgage with your spouse a breeze. You can qualify for a mortgage with your own income and credit merit, but it may be for a lesser loan amount because you can’t count your spouse’s income if they aren’t applying for the mortgage with you.