USDA Home Loan: Disclaiming Your Spouse’s Credit

Non-Purchasing Spouse/ Disclaiming Spouse in Community Property States:

Except for debt obligations specifically excluded by state law, the debts of Non-Purchasing Spouse’s also known as a “Disclaiming Spouse” (Spouse’s that will not go on the loan) must be included in the borrower’s qualifying calculations/ ratios when the home buyer resides in a community property state or the property guaranteed is located in a community property state. The Disclaiming Spouse’s credit history is not considered a reason to deny a loan application. Click here for more information on USDA Disclaiming Spouse's Credit

620 FICO Score for FHA Home Buyers in Arizona

While most lenders in Arizona have quit the business of lending to home buyers who have anything less than a 640 FICO score, The Canto Team aligned with Academy Mortgage have announced our commitment to helping homeowners with credit score of 620 or greater to obtain their home.

The Canto Team/ Academy Mortgage in Arizona will allow buyers with a 620 FICO Score to purchase a home. If you want to learn more.  Click to read more on 620 FICO score requirements