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
