If my wife is a stay at home mom and doesnt bring in income does she have to be on the FHA Loan too?

If you're referring to an FHA Streamline loan, and she was on the original loan, then, yes, she'll need to be on the new loan. If you're referring to a new loan as a refinance or purchase, no, she does not have to be on loan. Utah is not a community property state, so you won't be required to add her debts for qualifying purposes, either. If you have any more questions, I'm local, so you can email me at brett@homeloansinutah.com or call me at 801-918-9385.

If she has no income, then she doesn't have to be on the loan.. Some lenders might have overlays that may require to look at her credit report and have you assume her debt, but UT is not a community property state, so there are lenders out there who won't require this.. if you want to know for sure, you should contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

hi: do u currently have an FHA loan you are trying to refinance cash out or just rate/term if I may ask? The new fha streamline refi basically has less requirements just basically a job...lender overlays etc...or is this a purchase? Be glad to answer any questions etc...Mike (lending nationwide) ..we offer closing costs assistance also if needed...NMLS 754875...(703 505 5300)

if your refinancing and she was on it then yes. For a new purchase no.

As you can see by some of the other answers, more information is needed. If you have an existing FHA loan and want to do an FHA streamline refinance, then yes. She must be on the new refinanced loan. If you are purchasing or If you are refinancing your existing FHA loan and taking cash out, then it is a new refinance and she does not have to be on the loan. I'm in Salt Lake City and would love the opportunity to give you a quote on a refinance and see if I can earn your business. Linda@utahmortgageadvisors.com 801.550.1222.

The only time a spouse would HAVE to be on an FHA loan is A) if you want them on, and B) if you are doing an FHA streamline refinance and they are on the current note. In all other situations, your wife could be what we call a "Non-borrowing spouse". In a community property state like Arizona, we would need to review her credit and you would have to have sufficient personal income to service all of your monthly payments as well has hers too. In your situation, unless this is an FHA streamline refinance and she is already on the note, then she does not have to be on your new loan. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950