FHA – Purchase Contract Requirements – Spouse – Is the spouse permitted to be on the contract and title without being on the loan? [NEW MTP™ “We Are Family! How FHA Defines a ‘Family Member’”

Answer: Per the FHA guideline below the spouse’s name would not have to be removed from the Sales Contract even if they are not a borrower. Typically, the spouse will be added to title at closing without a problem; however, the loan will be closed initially in the name of the borrower only as this […]

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