I am going through a divorce and she is taking our home. Bad time to buy?

You are not providing enough info for anyone here to properly answer your question.. without knowing your debt to income ratio, and the amount of income you have, we will not be able to tell how much of a mortgage you would qualify for.. so if you want to get the guesswork out of it, then I suggest you contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

As long as your debt to income ratio is good, you should be fine! Contact your local lender.

you can qualify if:your debt ot income ratios fall inline with both properties or if your separation and divorce decree states she is responsible for the home and the payments.Has she considered refinancing the property into her own name and removing you from the loan and Deed?emarez@thefederalsavingsbank.com

Hi Grady, I am a direct lender here in NY and NJ. We can address all your questions in a 5 minute phone call. Call me Peter Botros, 347 231 4444 or you can email me directly, PeterJBotros@gmail.com

need more info on income and expense

I would suggest that you contact a local licensed mortgage professional in your state and discuss all of your concerns with them in person so that they may give you the best options. www.namb.org is the association for mortgage professionals. Right hand side of the screen and click on find a mortgage professional and put your state in.

You can not transfer the existing loan into her name only. She has insufficient income to refinance. You can still buy a house, but you may have to consider the total of BOTH payments in your debt ratio.

Hi Grady, the best thing you can do at this point is to get in contact with a local loan officer and do a full loan application with credit and have the loan officer review your income and debts to see if you qualify. It will be well worth your time to have a loan officer assist you. You can find local lenders in your area by clicking the far right tab called Community then Find a Lender. Best wishes, Sean

As long as your debt-to-income ratio says you can safely afford the previous obligation AND any new house payment, there is no reason you can't get a new loan. This of course assumes everything else is OK (credit scores, down payment, etc.). www.StPaul-Mortgage.com

As long as you are able to afford the current mortgage payment and a new mortgage payment for a new home you should be able to qualify. Lenders will determine this by examining your debt-to-income ratio. You also need to make sure you have good credit.