do husband and wife both have to be on the mortgage?

He can transfer the money to your acct. & you can use it for down payment without putting him on the loan as long as you execute a gift letter. I can send you a copy of one if you'd like. Let me know. Todd Tholl 563-324-4858 toddt@mainstreetfin.com

Yes he can gift the funds to you. You should also be able to qualify for the Mortgage your self, unless you add a co-borrower. FHA can get you in with 3.5%. What kind of down payment do you have to work with? I can inform you with options. I lend in all States. I have low rates and fees. Plus you can get the Realtor to negotiate a credit for your closing costs, up to 3%. I can help you with this simple request. Hope this helps. RC

You dont both have to be on the loan. However, you can both be on title. it becomes a little tirckier when it comes to the money in the bank. If the bank account is in his name than he would simply gift you the money if you diidnt want him on itle or the loan. Please feel free to call me with any additional questions. Joe Shamie 877-662-3321 x-102

Hi. Whether you both have to be on the loan and title is specific to the lender and what state you are in. If you are in a community property state, you will be required to use both of your debts and credit to qualify. There is no problem with the money being in his account. He should be able to write a letter of explanation (LOX) indicating you have access to the funds.If you have any other questions, feel free to call on me.Patrick McCarthyNorthpointe Bank866-901-3576

The short answer is he does not need to be on the loan and as your husband can use those funds in the transaction without a need to transfer to your account...for more specific details feel free to contact me for a no obligation mortgage consultation...877-369-4319. Dan "The Loanman"

Conventional programs work differently than say FHA programs when you live in a community property state like CA. I am not sure which programs or down payment options you are thinking of, but feel free to contact me to get detailed info on all programs and scenarios that fit your income, credit adn down payment. And yes gifting the money to a Spouse is acceptable in all programs.