Ask a Jumbo Genius – Divorce

I’m in the middle of a divorce. Does that prevent me from getting a Jumbo Loan?

Yes, divorce proceedings usually put the brakes on all mortgage loans. We recommend applying for financing before legal divorce proceedings take place. Once a divorce is in the court system, it’s considered a lawsuit, and mortgage loans will not be approved until the divorce is final. If you’re considering a mortgage and haven’t yet filed for divorce, contact a Jumbo Genius below or call 708-531-8388 for more information on what to consider.