Conventional financing in Florida

[David Rutledge]

Hi Everyone,

I was hoping to get some information regarding financing in the state of Florida. My wife and I are interested in buying an investment property in Orlando. We are recnetly married.

We are hoping to put only her on the loan as I am going to school and currently have 7 rental properties and no savings or income so I am pretty much tapped out.

My wife has a steady job with solid income and excellent credit. We are wondering if we can put the loan in her name or if we need have both of us on the loan considering we are married?

Any advise or guidance on this would be very much appreciated.

Thanks in advance.

David

[Francina Jerez]

@Raymond J. Rodrigues

Hello Raymond. I am looking to buy a property in Saint Petersburg FL and i need to know the guideline as this will be my second home purchase. We are planning to live there half the year and renting out the other half.

Looking forward to hearing from you,

Francina