If you happen to live in a "community property" state and you want to get an FHA loan, there are certain rules that apply. Community Property States and FHA Loans Except for the obligations specifically excluded by state law, the debts of the non-purchasing spouse must be included in the borrower's qualifying ratios on FHA loans where the borrower resides in a community property state or the property to be insured is located in a community property state. Although the non-purchasing … [Read more...]