which loan is best for total income of 75k between wife and i

These are great questions, but they should be directed at a loan officer who has looked at your complete profile.. no one here can answer for sure based on the limited info you provided.. in general.. if your looking to purchase, you can do it on your own or with your spouse.. certain lending rules and laws in your state dictated whether or not your wife's debt should be included as part of yours, or ignored.. so without knowing all the details of your particular scenario, it's hard for anyone here to say ... The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide 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

if she is not working then there is no reason to add her to the loan program, she could still be on the title to the home but not the mortgage

Have you attempted a pre qualify for a mortgage? There are some who can offer Fha loans with credit score as low as 620. I have a lender that may be able to explain further.Call me at 501.952.7538 Thanks

You should only use yourself for the loan and just have her on title. and i would try to save a bit more so that you could qualify for a 5% down conventional loan.

If you can qualify on your own (and that seems likely unless your income is 1099 instead of w-2), you will find it much easier to qualify if she is not included, and the interest rate will be lower. If you have not been pre-approved by an experienced and reputable loan officer that is your next step. Let them guide you. Good luck!

Consider a townhome, with 3.5% down, on an FHA loan. Buy in your name only, and add her to the ownership title after closing.

Qualifying with you alone may be best. Are you wanting to buy an investment property or a primary residence. Please call me to clarify 954 558-4430 Thanks

Check with a Loan Officer in your area and let him or her go through the different loan scenarios with you. They will be able to help you make the right choice.