Housing stability matters. Especially now!
In the midst of divorce, one of the biggest fears is “Can I afford housing on my own?”
On the Eastside and across Seattle, where median home prices are high, many people assume they need:
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20% down
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Perfect credit
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Or to wait until the divorce is finalized
None of that is necessarily true.
The Truth About Down Payments in Washington
Many people are shocked to learn:
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You can buy with as little as 3% down
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VA loans may allow 0% down
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There are programs specifically designed to support financial transitions
Common Loan Options for Divorcing Homebuyers
| Loan Type | Down Payment | Best For |
|---|---|---|
| Conventional 3%+ | Low down payments | Stable income but limited savings |
| FHA | 3.5% | Rebuilding credit |
| VA | 0% | Veterans/military families |
| USDA | 0% | Rural-edge communities (yes, parts of WA qualify) |
Real affordability requires real math, not assumptions.
What About Using Equity as a Down Payment?
If you are receiving equity from selling the family home or through a buyout, you may be able to use that as your down payment on a new home.
This can help prevent:
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Disruption for children
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Forced relocation
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Losing stability in your support network
Timing matters! Coordination between your attorney, lender, and real estate specialist is key.
How to Protect Your Long-Term Financial Stability
When deciding whether to keep, sell, or move:
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Look at cash flow, not just assets
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Consider long-term maintenance & taxes
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Ensure you will qualify for payments independently
This is where a divorce-specialized mortgage advisor is essential.
You Don’t Have to Figure This Out Alone
Your housing decision affects:
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Your stress
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Your financial health
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Your children’s stability
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Your future independence
Getting the right guidance early changes everything.
If you’re navigating divorce in Seattle or the Eastside, I’m here to support you.
