Question about husband qualifying alone

[Anonymous]

We live in Washington which is a community property state.  We are planning on applying for a conventional mortgage using only my husband's credit.  My credit has $3000  worth of medical debt (which I plan to dispute) and since we can afford a house on his income alone we plan on leaving me off the loan.  Is it possible that my medical  debt will show up on his credit report when the lender pulls it  because we live in a community property state? Do lenders see the same report we see when we pull up our FICO scores?   He has  less than 3% DTI ratio and having my debt on his credit report can really mess this up for us.  Thank you for any help with this!

[ShanetheMortgageMan]

When we check credit the only trade lines we see are that person's individual & joint accounts - we don't see their spouse's individual debts.

[Anonymous]

As a fellow Washingtonian, I am used to doing loans in a community property state.

The lender will need a credit report on you also, to make sure that any monthly debts you have will count in your husbands DTI ratio. As long as you have no debts (i.e. judgments) that would effect title to the home, you should be o.k.

Good luck,

Steve

[ShanetheMortgageMan]

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@Anonymous wrote:

The lender will need a credit report on you also, to make sure that any monthly debts you have will count in your husbands DTI ratio. As long as you have no debts (i.e. judgments) that would effect title to the home, you should be o.k.

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But not with conventional financing.