If you're getting married and buying a house and one of you had previously been foreclosed on is it best to just get the house in one person's name?

Hi Amy,It is unlikely that your fiancee will be able to be on a FHA,VA, or USDA home loan until a minimum of three years pass by since the foreclosure's last activity. If you are financing with a conventional loan, the time period needing to pass is 5 years from the foreclosure.If you want to buy before that time period, the home loan should be in your name only.I think it is smart to put a sizeable down payment down on a home but if you have limited resources there are a few loan programs out there that require little down payment: FHA , VA, and USDA loans. FHA loans require 3.5% down and USDA loans require nothing down, but are limited to certain geographic areas. These loans have less strict credit requirements compared to a conventional loan. If you are financing in SC or NC, call or e-mail and I can answer any specific questions you may have.Thanks,Ken Balteskbaltes@1asmc.com