In a community property state such as California, a non-borrowing spouse’s debts can still affect FHA or VA mortgage qualification. Here is what buyers need to know.
Buying a home is exciting—but if you’re married and live in a community property state, there’s an important rule that surprises many buyers. Even if only one spouse is on the mortgage, the lender may still need to review the other spouse’s debts. This can have a real impact on how much home you can…