As long as you are not delinquent on the student loan payments, and the monthly payments do not cause excessive debt-to-income ratios, you can still get a mortgage. Can I buy a home without my spouse? A common question is if you can buy a house without your wife or husband. The short answer is yes. There are numerous reasons someone may want to exclude their spouse from a mortgage application, such as lower credit, lack of job history or income, or one spouse having excessive debt that could prevent an approval.
You may be able to qualify and get a home loan without your spouse. How do I find out if I qualify for a mortgage? A loan representative can help you determine what mortgage programs you may qualify for, and also check your eligibility for down payment assistance. If you would like to receive a free consultation, we can help match you with a mortgage lender that offers first time home buyer loans in Arizona. Click here to get matched with a mortgage lender. This website is not authorized by the New York State Department of Financial Services to accept mortgage loan applications for properties located in New York.
For New York applicants, please visit our New York authorized website: www. All rights reserved. This is not an offer to enter into an agreement.
Supreme Lending is not affiliated with any government agency. Types of Mortgages: Conventional Loans — Conventional loans offer the best loan terms to borrowers with good or excellent credit credit or higher credit score , as well as those who can afford to place a larger down payment.
The qualification requirements for FHA loans are much more lenient than conventional loans. This includes options for home buyers with credit scores as low as in order to qualify for a 3. These loans are intended for borrowers with low-to-moderate income. In addition to not requiring any money down, you can also finance the closing costs into the loan. This means you can essentially buy a home with no money out of pocket!
VA Loans — Active duty military members and veterans can apply for a VA loan which allows you to buy your first home without any down payment. Jumbo Loans — Any mortgage that does not meet the conforming loan limits is a jumbo loan. You can lookup the conforming loan limits for Maricopa County, AZ using this conforming loan limits calculator.
Non-Prime Loans — If you do not qualify for any of the above types of loans, you may consider a non-prime loan. These programs are helpful to people with a variety of credit issues such as low credit scores, or a recent bankruptcy. Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.
Here is a list of our partners and here's how we make money. Arizona boasts stunning views and generally mild winters, making it a place many people want to call home. Taking advantage of programs for first-time home buyers offered through the Arizona Department of Housing, or ADOH, may help you purchase a home in the Grand Canyon State sooner than you think. Home loan programs offered nationally by a variety of lenders also have features that could help you qualify for a mortgage.
Browse loan and assistance options for first-time home buyers below. First-time home buyers sometimes have trouble finding a mortgage because of credit history issues or because they don't have extra money for a down payment.
That's where these national loan programs — available to borrowers in all 50 states — may come in handy. Arizona's Home Plus mortgage program is designed to help people become homeowners. A first-time homebuyer is someone who has not owned a primary residence in the last three years. First Home Limited offers lower interest rates to eligible first-time homebuyers who meet maximum income limits and acquisition cost limits.
To be eligible first-time homebuyers, borrowers may not have owned a primary residence in the last three years unless the house is within a targeted area as defined below or if they are qualified veterans. Federal regulations establish maximum income limits and acquisition costs for this program.
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