FHA loan/title question

Tips and Deals Forums Home Mortgage FHA loan/title question

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 6 years, 11 months ago.

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    Anonymous

    Hello All,
    *
    This will be the first time I ever apply for a mortgage loan.* I live in Texas.* I am Married, but I will not be adding my husband to the loan (because of credit score).* Still, because he is my husband and it is a commuity property state, he will be added to the title deed.
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    I submitted all of my finanical information.* I had to submit my husband’s child support bill to add to my debt.*
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    The* loan officer ran everything of mine through the automated underwriting and told me I was approved with no problems.*
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    My husband owes back child support (that he makes payments on.* I could go days talking about this, but for the sake of this question i’ll say he had a child at 17 (he’s now 35) and the back child support accumilated a long time ago.* But anyway, regardless, he does owe back child support.* I did provide the current child support bill showing his monthly payment and back child support payment.
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    My questions*are:
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    1.* Will the back child support cause a problem with the manual underwriters if the automated underwriting passed?
    2.* Will the back child support cause an issue with adding him to the title?*
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    Please be easy on me.* This is my first time to do any of this.* I did talk to my loan officer and he said he doesn’t believe this is going to be an issue at all.
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    What do you think?
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    Thanks in advance.
    *
    *

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