Washington Mortgage Law?

Tom. We live in a community property state...not a common law state. A lender will allow you to qualify for a loan in just your name, your credit, and your income. Of course you would need to qualify for all your debt and any joint debt that is on your credit report, but otherwise you could get the better rates offered for higher credit scores. Your wife would simply need to sign a few of the documents at closing to acknowledge you are taking out the loan. She would typically sign the deed of trust, the truth in lending, and the recission papers (refinance.) This comes up more frequently now since lenders have fees they charge for lower credit scores. I would be happy to help you with your financing. My rates are very compettive (see my page).

Not necessarily. Give me a call when you have a chance and we can discuss the specifics.Nora Smith425.282.0552

No, you do not. If you need to use the income from her job to qualify then you will. If you qualify with your own income and you are going to use conventional financing you will be fine just with your credit and have her on title. FHA is different. VA you will need to qualify with her debt and her credit situation, but it becomes underwriters discretion. Please call if you have any other questions or concerns.