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Divorce & Mortgages

Divorce Mortgages in Colonie, NY

Buying out an ex-spouse, refinancing after a decree, or qualifying with joint debt — each program treats divorce differently. Here's what applies in Colonie.

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The short version

What Colonie buyers need to know

Rate/Term

FHA/Conventional buyout

Better pricing than a cash-out refinance.

Cash-Out

VA buyout

Required structure, up to 100% LTV.

12 mo

Joint debt proof

Canceled checks needed to omit an ex's debt.

3 yr

Support continuance

Required for child support/alimony as income.

Local snapshot

Buying in Colonie, NY

85,000Population
$290KMedian home value
97.75%FHA buyout max LTV
100%VA buyout max LTV

The Capital Region’s largest suburb and its retail hub, anchored by the Wolf Road corridor. Colonie draws steady demand for its convenient location, solid schools and mix of established mid-century neighborhoods and newer builds. A divorce doesn't have to derail your plans in Colonie — buyout refinances and joint-debt rules follow clear program guidelines.

Program by program

Divorce Buyout Rules for Colonie Buyers

Full FHA, VA, Conventional, USDA, SONYMA, Non-QM, Jumbo, and Land Loan detail lives on the Divorce Mortgages page — here's the quick comparison.

ProgramBuyout structureMax LTV
FHARate/Term refinance97.75%
VACash-Out refinance (required)100%
ConventionalRate/Term refinanceStandard limits
SONYMARate/Term only — no cash backStandard SONYMA limits
Land LoanNot applicable — purchase-only program65%
I'll review your specific decree language in Colonie and confirm which structure applies to your buyout.
Good to know

Questions, answered

Can I buy out my ex-spouse's equity on our Colonie home?+
Yes — FHA and Conventional structure this as a Rate/Term refinance (better pricing than cash-out), while VA requires a Cash-Out refinance. Your decree or separation agreement drives the structure.
Does my ex's debt count against me if the decree assigned it to them?+
On FHA, no — if you can show 12 months of their canceled checks proving payment, along with the decree showing the assignment.
What documents do I need for a divorce-related mortgage in Colonie?+
A complete, legally binding divorce decree or separation agreement is the backbone of every file — plus a certified settlement statement at closing for VA buyouts.