Spousal Buyout

Spousal Buyout Mortgages

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Helping You Navigate Separation with Financial Clarity and Support

Going through a separation or divorce is never easy, especially when it comes to shared assets like your home. A spousal buyout mortgage allows one partner to refinance the property and buy out the other’s share, providing a clean financial break while helping one party remain in the home.

At Hoam Loans, we understand that this is both a financial and emotional decision. We offer clear, supportive guidance to help you navigate the spousal buyout process with confidence and care.

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What is a Spousal Buyout Mortgage?

A spousal buyout mortgage is a special refinancing option that allows one spouse to take sole ownership of the home by buying out the other’s share of equity. This type of financing is often available for up to 95% of the home's value, making it possible to manage the buyout without needing a large cash down payment.

Spousal buyouts can help you:

Retain ownership of the family home
Provide financial closure in a separation
Protect stability for children and families

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How Spousal Buyout Mortgages Work

The property is appraised to determine its current market value.
The spouse remaining in the home refinances the mortgage to access the necessary funds to pay the agreed-upon equity to the other spouse.
The separating spouses typically need a formal separation agreement that outlines the division of assets.

At Hoam Loans, we can help you coordinate the necessary steps and ensure the process is handled professionally and with sensitivity.

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Benefits of a Spousal Buyout Mortgage

1. Keep Your Family Home

If you wish to stay in your current home for the sake of stability or to avoid relocating, a spousal buyout mortgage can help make that possible.

2. Up to 95% Financing Available

Unlike standard refinances (which typically cap at 80% loan-to-value), a spousal buyout mortgage can allow you to borrow up to 95% of the home’s appraised value—providing additional flexibility.

3. Consolidate Joint Debt

Spousal buyouts can also include debt consolidation, helping to split shared financial obligations fairly as part of the separation.

4. Support for Self-Employed and Complex Situations

If you’re self-employed or dealing with a more complex financial structure, Hoam Loans can help you secure spousal buyout financing that accommodates your income and unique circumstances.

5. Compassionate, Step-by-Step Support

Separation is stressful enough—we’re here to make sure the mortgage process isn’t. Hoam Loans provides clear, empathetic guidance to help you move forward with confidence.

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Why Work with Hoam Loans?

Specialized experience in spousal buyout mortgages and separation refinancing
Access to multiple lenders, including options for self-employed and non-traditional borrowers
Support through every step, from document preparation to final approval
Clear, compassionate advice during a difficult transition

At Hoam Loans, we focus on providing mortgage solutions that support your financial independence and help you take the next step with clarity.

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