Need assistance in a divorce refinance? We’re here to help you through this process. Often times the process can be stressful with everything else going on and that’s where using a mortgage expert can provide clarity and answers to some of your questions.

A divorce refinance allows the person taking full possession of the house to refinance the home in their sole name, removing the name of their ex-spouse from the loan. The person taking ownership must meet the mortgage approval criteria. You must be able to qualify for a mortgage with only your income, debts, and credit score. Oftentimes, other income such as; alimony, spousal, and child support may be used to help qualify for the mortgage if needed. Texas Premier Mortgage can help walk you through all of your options to ensure you obtain the best loan for you and your family.

We will help you buy out the other party accessing your equity on the property, update the title to reflect the name changes, and remove them from the current mortgage if applicable. We’re experienced and will help eliminate any stress on the mortgage transaction.

Before making any decisions regarding your home, we’d love to speak with you about your loan options, and what the paperwork entails for your specific situation.

Below is a generic checklist of documents that may be required. We will specifically provide you with a customized email reflecting the applicable documents for your situation. Not all document below are needed.

• Executed Divorce Decree must be executed by the judge prior to closing
• Most Recent Paystub

• W2s / 1099’s

• Federal Tax Returns – all pages

• Retirement / Disability / Social Security Awards Letter most recent

• Documentation of any other sources of income

• Bank Statements – 2 most recent statements including all pages even if blank.

• Documentation to support funds needed for your transaction.  If gift funds are being used, discuss the specific requirements with your Loan Officer.

• Photo ID – must be government issued (typically driver’s license or ID card)

• If a Servicemember applying for a VA loan please provide copy of Certificate of Eligibility

Additional Refinancing Items:

• Most recent Mortgage Statement
• Copy of the Tax Bill, Insurance Bill, HOA if applicable
• Copy of the Survey

For more information about a divorce refinance or purchase, please contact us direct or submit the quick quote form on this page for us to reach out to you.