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Spouse Not On Mortgage

Mark Cappel
UpdatedDec 1, 2023
Key Takeaways:
  • It is common for one spouse to be on the mortgage and title.
  • The mechanics for filing a one-spouse transaction vary by state.
  • Consult with your real estate agent for details on one-spouse transactions.

What is the form that is used when you are married, but purchase a home without the spouse being on the mortgage?

What is the form that is used when you are married, but purchase a home without the spouse being on the mortgage?

The situation you described is common -- one married person may appear on a mortgage or property title for myriad reasons. The name of what you called a form varies by state. In most states it is not even a form. The letter to the county clerk is often just called "recording instructions" or something equally non-descriptive. It is prepared by the title company or escrow company.

Consult with your real estate agent, title company, or attorney who is handling the transaction for the exact name of this document in your state.

I hope this information helps you Find. Learn & Save.



The Latest on Mortgage Rates

It is expected that mortgage rates are subject to change. Homebuyers and those refinancing their mortgages should pay close attention to the latest mortgage rate

Mortgage rates November 8, 2023
According to Freddie Mac, the 30-year mortgage rate for the week of November 8, 2023 stands at 7.50%. This reflects a 26 basis points decrease from the previous week's rate.
Note: A basis point is equal to one-hundredth of one percent (0.01%). In numerical terms, if the mortgage rate changes by 20 basis points, it means the rate has changed by 0.20%.
Additionally, Freddie Mac reports that the 15-year mortgage rate for November 8, 2023 is 6.81%, indicating a 22 basis points decrease from last week’s rates.

What does the mortgage rate mean for you?
Mortgage rates are one of the key factors that determine your monthly payment. Here are avergage interest rates (APR) for November 14, 2023 based on Zillow date for borrowers with a high credit score (680-740) in the United States:

  • 30-year conventional loan is 7.61%
  • 15-year conventional loan is 6.74%
    Using the rates mentioned above, the monthly payment for a $279,082 30-year-year mortgage would be $1,972. A 15-year mortgage would require a monthly payment of around $2,468.

Experience a smooth mortgage process: Shop around and get pre-approved today!
Shopping around for mortgages and getting pre-approved can make your home-buying or refinancing process easier. Ready to take the plunge? Check Out mortgage rates now for the best options available.



KKevin, Apr, 2012
Thanks for the information it is always nice to gain good tips around which works in future for us.