To secure a mortgage as an unmarried homebuyer, you must decide whether to apply individually or jointly with a partner. If applying together, lenders will assess both incomes, debts, and credit scores, potentially resulting in better loan terms. If applying alone, you must meet lenders’ criteria independently, including a minimum credit score (typically 620-680), stable income, and a down payment (3-20% for conventional loans). Unmarried buyers in community property states (e.g., California, Texas) should consult legal advice to clarify ownership rights. Options include conventional loans, FHA loans (with lower credit thresholds), and VA loans (no down payment for veterans).

Unmarried homebuyers face unique challenges due to lack of spousal income or legal ownership benefits. A 2022 Urban Institute study found that unmarried couples applying jointly had a 30% higher mortgage approval rate than those applying individually, as joint applications often qualify for lower interest rates. However, individual applicants must demonstrate sufficient income, which can be harder without a co-signer. For example, Fannie Mae data shows that single buyers with a 640+ credit score and 20% down payment have a 95% approval rate, compared to 85% for unmarried couples without joint applications. Community property laws complicate equity distribution, so unmarried buyers in these states often need separate title transfers. FHA loans require a 580+ credit score and 3.5% down payment, while VA loans cater to veterans with no down payment but stricter service requirements. Consulting a mortgage advisor is critical to navigate these nuances and optimize loan terms.