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Space_-_Trash t1_j6kwb04 wrote

Discuss with your banker both options. If they want your mortgage, they will show you the best route.

You might run into a problem where underwriters know you are getting married in 6 months. Since they are underwriting based on your future ability to pay, they may not be willing to write a 30 mortgage based on her numbers alone. Especially if she is on the edge with credit and DTI.

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WheresTheSauce OP t1_j6kwn99 wrote

The lending specialist I spoke with recommended in no uncertain terms that we go with the option where she's the only one on the mortgage. He also said there would be no problem with approval for just her and he is aware of when our wedding is

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ExistentialReckning t1_j6l1li5 wrote

>You might run into a problem where underwriters know you are getting married in 6 months.

Underwriters can not take marital status into consideration in the underwriting process. This is expressly forbidden by both the ECOA and FHA.

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Space_-_Trash t1_j6lb4xr wrote

Not really a marital status issue. Maybe it is, I’m not a banker and don’t know the laws.

It’s more of an issue where the bank already knows the credit history of one party who will be cohabiting the home, even though they aren’t on the loan.

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ExistentialReckning t1_j6le554 wrote

>Not really a marital status issue.

Yes, it is. Highly illegal and a good way to end up with multi-million dollar fines and increased federal oversight among other possible issues. Fun thing about reguatlors is when they find one significant regulation violation, they go fishing for more.

>It’s more of an issue where the bank already knows the credit history of one party who will be cohabiting the home, even though they aren’t on the loan.

If they're not on the loan, then they're irrelevant to the underwriter. Doesnt matter if they plan to live in the home or not. She could put him on the title to the property and his credit history would still be completely irrelevant as long as he isn't on the loan.

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