Understanding Your Mortgage Options During a Divorce in Wisconsin
What Happens to the Mortgage During a Divorce?
Divorce brings big decisions - and the home is usually the biggest one. Whether you plan to keep the house, refinance to remove an ex, buy out your spouse, or move into a new place, you have strong mortgage options in Wisconsin.
Your Main Mortgage Options During a Divorce
1. Refinance the Mortgage Into Your Name Only
If you're keeping the home, refinancing into your name removes your ex from the loan and often from the title as well. Works for Conventional, FHA, and VA loans in certain situations.
2. Divorce Buyout Refinance
If one spouse is keeping the home, a buyout refinance allows you to borrow enough to pay the equity owed to the other spouse as part of the divorce settlement.
3. Remove an Ex From the Loan
Most lenders require a refinance to remove a borrower. In rare cases, exceptions exist - I'll help you determine the cleanest option for your situation.
4. Sell the Home and Start Fresh
If neither spouse keeps the home, I'll help you get pre-approved with the least amount of documentation possible so you can confidently move forward.
My Streamlined Divorce Mortgage Process
✔️ Fast, private conversation to understand your goals
✔️ Review of your divorce decree or draft settlement
✔️ Upfront underwriting for clean, reliable approvals
✔️ Minimal documents - only what Fannie Mae & Freddie Mac require
✔️ Tailored mortgage options based on your situation
✔️ Clear communication throughout the entire process
Do I Qualify for a Divorce Mortgage in Wisconsin?
Qualifying for a divorce mortgage is usually easier than people expect - even if credit or income feels messy. Many buyers use Conventional or FHA options to refinance, buy out an ex, or purchase a new place with confidence.
Here's what lenders look for:
✔️ Stable Income
W-2 income, support income, or combined sources may all work. I help structure everything correctly so it counts.
✔️ Flexible Credit Options
Conventional loans prefer stronger credit, but FHA gives you more room - making refinances possible even when credit isn't perfect.
✔️ Debt-to-Income Ratio (DTI)
I run your numbers through automated underwriting (AUS) up front so you know exactly what you qualify for.
✔️ Home Equity or Buyout Requirements
I calculate what's needed for a buyout or refinance so you know your options right away.
See What You Qualify For
