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First off, we live in Florida it is a separate property state.
I work, she stays at home and does not bring in an income. We are married? She also has a collection on her credit which we are trying to get taken care of. When we file taxes, we file jointly.
My credit and employment are good.
Would there be any issues with me applying for the loan myself? Worried about her credit resulting in being rejected from a loan.
You can apply for and get a loan on your own. The way you file your taxes has no bearing on your loan application. Especially since your spouse has no income.
However, I always caution the "one name on loan, two names on title" strategy. While I have had clients do this in the past, I caution them against it. Best to go with one name on loan, one name on title.
Do note that it varies from state to state. A few states still require the spouse to sign the mortgage even if they are not on title, in order to pledge their marital interest.
But if you qualify, you don't have to put her on the deed no matter what state you are in.
But if you qualify, you don't have to put her on the deed no matter what state you are in.
To be clear, in a community property state, you may not have to put the spouse on the title, but you cannot sell or otherwise transfer the property without the spouse's consent. Also, the house is a community marital asset, that will be split 50/50 in the event of a divorce.
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