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ExistentialReckning t1_j6l1li5 wrote

Reply to comment by Space_-_Trash in Should my Fiancee and I both be on our mortgage if our payment can be lower if she's the only one on it? by WheresTheSauce

>You might run into a problem where underwriters know you are getting married in 6 months.

Underwriters can not take marital status into consideration in the underwriting process. This is expressly forbidden by both the ECOA and FHA.

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Space_-_Trash t1_j6lb4xr wrote

Not really a marital status issue. Maybe it is, I’m not a banker and don’t know the laws.

It’s more of an issue where the bank already knows the credit history of one party who will be cohabiting the home, even though they aren’t on the loan.

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ExistentialReckning t1_j6le554 wrote

>Not really a marital status issue.

Yes, it is. Highly illegal and a good way to end up with multi-million dollar fines and increased federal oversight among other possible issues. Fun thing about reguatlors is when they find one significant regulation violation, they go fishing for more.

>It’s more of an issue where the bank already knows the credit history of one party who will be cohabiting the home, even though they aren’t on the loan.

If they're not on the loan, then they're irrelevant to the underwriter. Doesnt matter if they plan to live in the home or not. She could put him on the title to the property and his credit history would still be completely irrelevant as long as he isn't on the loan.

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