If only one spouse wants to be on a HomePossible® or HomeReady® loan, the lender does not need to count the income of the other spouse for income limitation purposes.

Related Article Title: Fannie Mae & Freddie Mac – HomePossible® & HomeReady®- Income Limits: If I have a married couple but only one spouse wants to be on the loan, is this acceptable for income limit purposes? 97% Financing Options Comparison – Fannie vs. Freddie Chart Answer: That should be acceptable if both work; however, […]

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