Language in the decree matters
How support, property division and occupancy are written can affect underwriting. Share drafts with your loan originator when you can.
loan programs
Divorce Situations
When a marriage ends, the mortgage usually has to change too — often through a refinance that buys out the other party.
Divorce can be tough, really tough. Sometimes the house gets sold, and sometimes one party needs deeded ownership, but more often than not a refinance needs to happen to buy out the other party. We respect the privacy of you and your ex-spouse. Lending in divorce situations is not always easy so trust the experts at Boss Mortgage to help guide you.
Program description as published on bossmortgage.com/products (preserved verbatim).What this financing is
These files sit at the intersection of a legal process and a lending process. The settlement or decree language, how title will be held and what income can be documented all affect what is possible.
Boss Mortgage handles these transactions with discretion and respects the privacy of both parties.
Who it may be a fit for
A spouse staying in the home and buying out the other party
A spouse purchasing a new home after separation
Parties preparing to sell a shared home
Borrowers coordinating with a family law attorney
Borrowers whose income picture is changing
Not sure if Divorce Situations fits your situation?
A licensed Boss Mortgage loan originator can look at the details with you and explain what applies to you.
What to think about
Timing is often tight
Court deadlines and lending timelines do not always match. Start the conversation before a deadline is set if possible.
Removing a borrower takes a new loan
In most cases, a name comes off the mortgage through a refinance rather than a request to the current servicer.
This is not legal advice
Boss Mortgage does not provide legal advice. Your attorney remains your guide on the settlement itself.
How the process works
1. Get approved
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Shop with a clear budget in mind. When you find the right property, your loan originator can help you understand the financing details that apply to that home and your offer.
Once you are under contract, the BOSS Mortgage team helps keep the loan moving through documentation, underwriting, and closing so you can get the keys and move forward.
Frequently asked questions
Why do homeowners refinance?
Common reasons include changing the monthly payment, changing the loan term, consolidating debt, funding home improvements or removing or adding a borrower.
Whether refinancing makes sense depends on your current loan, your goals and current market conditions.
What is the difference between a refinance and a HELOC?
A refinance replaces your existing mortgage with a new one. A home equity line of credit is a separate revolving line secured by your home that you can draw against.
Boss Mortgage can compare both so you can see how each would affect your payments.
Can I buy a home with less-than-perfect credit?
Yes. We offer loan programs that are designed to help buyers with lower credit scores. Our experts will review your situation and find the best path forward.
Can I get a mortgage after a bankruptcy?
Boss Mortgage offers specialized lending programs for individuals who have gone through bankruptcy. Waiting periods and documentation depend on the type of filing and the program.
A loan originator can review where you are today and outline realistic next steps.
What should I avoid while my loan is in process?
Large new debts, changing jobs without telling your loan originator, moving money between accounts without documentation and closing accounts can all complicate underwriting.
When in doubt, ask before you act — it is much easier than fixing it later.
What types of loans do you offer?
We offer a wide range of loan options, including Conventional, FHA, VA, USDA, Jumbo, and New Construction loans. Our team will help you choose the one that fits your needs and financial goals.
View Loan ProgramsOther programs
Refinance / HELOC
Refinancing and home equity line of credit options from Boss Mortgage, and how to decide which one fits your goal.
Learn more →
Conventional Loans
Learn how conventional mortgage financing works, who it may suit and how to talk it through with a licensed Boss Mortgage loan originator.
Learn more →
FHA Loans
How FHA mortgage financing works, the scenarios it often suits and how to review it with a licensed Boss Mortgage loan originator.
Learn more →
After Bankruptcy Lending
Mortgage options after a bankruptcy, reviewed case by case by a licensed Boss Mortgage loan originator.
Learn more →Ready to get started?
Every situation is different. We’ll help you understand your options and what may fit your goals.
This page is general information about mortgage financing and is not a commitment to lend, an offer of credit, or financial or legal advice. Program availability, guidelines and requirements are set by lenders and investors, can change, and depend on your individual circumstances and the property. Talk with a licensed Boss Mortgage loan originator about what applies to you.
Boss Mortgage LLC NMLS #2547821. See the Licensing page for state licensing information. Additional disclosures appear in the footer of every page.