If I'm currently going through a divorce can I not get a mortgage?

It can be done, but you will have to qualify on your own with only your income but with all the debt (individual and joint), regardless of what the divorce agreement says.. If the obligation shows on your credit report, the payment will be assessed against your income and will be counted in your debt to income ratio's.. it's best to talk to a local mortgage broker and let him look at your complete scenario.. he should be able to show you what you would qualify for.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Part of the answer will depend on whether you currently own a house, and if so what is happening with it.There is nothing intrinsically in a divorce that would prohibit you from getting a mortgage. The biggest problems usually arise from debt to income levels, and any credit hits caused by bills not being paid during the process. Due to legal concerns, it may be best to talk with a local, licensed mortgageofficer and have everything ready to go as soon as the divorce is finalized (you might want to check with your attorney about this also.)

If you qualify on your current income, money for down payment in your name, and credit, the major challenge may be the payment on your current (jointly owned) mortgage. If you still have sufficient income, go buy your next house.

Going through a divorce won't disqualify you by itself but the underwriter will want to see the final copy of the divorce decree to determine assets and liabilities, child support (if applicable), and that may cause you a delay until it is finalized. Some folks going through the process if there is no real property and no children, have no problem at all.

Some States like NJ will require your wife to sign off on any new purchases or she will be entitled to half of the new purchase. Be careful

You can as long as your income and credit meets the guidelines. You will want to make sure your spouse doesn't have any automatic rights to the property prior to purchase, check with a Real estate attorney first to see what your state laws are regarding property and spousal rights.

Contact your divorce attorney and see what the requirements are per state. NJ does not require a divorce decree nor seperation agreement. Are you looking to purchase a new home, or refinance the marital residence? If you have assets and properties, it will be a little more complex.

Yes you can get a mortgage, but your spouse would have to be on the title and he would have to be at closing. BUT check with your local law office for more specific requirements. It is different from state to state.

The quick answer is yes... the long answer is depending on the rules in your state (which I am not familiar) it can be easy of a bit complicated. COntact a local mortgage broker in your state for more detailed information.

LIke the others have stated it is going to depend on your situation. Get with a lender 411 Loan officer to help you.

It can be done, but you will have to qualify on your own with only your income but with all the debt (individual and joint), regardless of what the divorce agreement says.. If the obligation shows on your credit report, the payment will be assessed against your income and will be counted in your debt to income ratio's.. it's best to talk to a local mortgage broker and let him look at your complete scenario.. he should be able to show you what you would qualify for.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com