Salvador Cortez at Absolute Mortgage Group Inc.
Salvador Cortez
Absolute Mortgage Group Inc.
Phone: (916) 668-0043
Email: [email protected]
NMLS# 1813194
Company NMLS# 1874315
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Life doesn’t always follow a neat timeline. If you’re going through a divorce, you might be eager to start fresh in a new place. But buying a house before your divorce is finalized can come with serious complications—both financial and legal.
Before you make any moves, here’s what you need to know.
When you’re still legally married, any major purchases—like a house—could be considered marital property , even if you buy it on your own. That means your soon-to-be ex-spouse might have a claim to part of your new home, regardless of who pays the mortgage.
Some states treat assets acquired before the divorce is finalized as joint property , which can turn your new dream home into a tangled mess.
Buying a house before your divorce is finalized can also affect:
Alimony or child support calculations: Your financial obligations (like a new mortgage payment) might change how courts determine what you pay or receive.
Debt and asset division: A new home loan adds more debt to your name, which might complicate how existing debts and assets are split in your settlement.
Lenders want a clear picture of your finances. If your divorce isn’t final, they may see your situation as higher risk. Many lenders will require a copy of your divorce decree to confirm:
What support payments you owe (or receive)
How debts are divided
What your true monthly obligations look like
Without this documentation, your mortgage approval could be delayed or even denied.
Here’s some smart advice before you start house hunting:
Talk to your divorce attorney first. They’ll help you understand how your state’s laws might affect your purchase.
Keep your lender informed. A mortgage professional can guide you on what’s possible and help avoid surprises.
Consider waiting. Sometimes the best move is to finalize your divorce first. That way, your new home purchase is entirely yours—free and clear.
Starting a new chapter in a new home is an exciting idea. But when it comes to buying during a divorce, patience can protect you from unexpected complications. The best first step? Have an open conversation with both your attorney and your mortgage expert.
Even if it’s not the right time to buy immediately, we can help you prepare. Reach out today to explore your options and make sure your next move is a confident one. Source: Redfin
We've been helping customers afford the home of their dreams for many years and we love what we do... Company NMLS: 1874315 Personal NMLS: 1813194 NMLS Consumer Access
1942 Del Paso Road, Suite 130 Rm 103 Sacramento, CA 95834 Phone: (916) 668-0043 [email protected]
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