Many single mothers or divorced women think they won't be able to get a mortgage and therefore don't even try, or they approach the bank from a position of weakness and pay a high price for it. Everything stated in this article is true for both genders, but this time I chose to write in the feminine form.First of all, I suggest not using the term single parent if there is a father for the child in the picture. Single parenthood is a term that conveys weakness. Weakness might be an advantage when trying to get a discount on property taxes or tax credits, but it's not an advantage at all when applying for a loan.. The mindset should be changed to one of empowerment. The legal term "head of household" can be used, or simply the simpler term – "divorced woman." Second, we will now shatter the myth that "single mothers do not receive mortgages" – There is no problem at all for a single mother to get a mortgage.On this occasion, another myth can be debunked: that bank account statements and payslips are the only things a bank checks when deciding whether to grant a mortgage and at what price. Each bank measures different parameters and treats them differently, but all banks check:Income from all sources – Yes, alimony is also considered income (if you receive it and an expense if you pay it). To ensure alimony is considered income, you need to make sure it is received regularly. To the bank account And they shall not be given in cash, for example.Historical Banking Practices – It doesn't matter at all if there's a negative balance in the account. The bank checks that there are no contract violations in the account. For example, an overdraft is a contract violation. A loan not paid on time is a contract violation, etc. In this framework, the bank also uses a credit rating report that shows the borrower's conduct with other financial institutions.Ongoing financial management Do you spend all your income on living expenses or do you save an additional amount each month?Financing percentage The ratio between the mortgage amount and the apartment's value. The higher this ratio, the riskier the transaction is for the bank, and so are the terms.Mortgage payment as a percentage of income The ratio of the monthly mortgage payment to income. Here too, the higher this ratio is, the greater the risk.Mortgage term in years A longer mortgage will generally be more expensive.Asset risk – For example, a property in Judea and Samaria may be considered riskier, and therefore the mortgage on it will be more expensive (unlike in the past when some banks refused to provide mortgages in Judea and Samaria).Employment risk When a divorcée buys half a property from her ex-husband or when a son buys an apartment from his father, the bank sees it as a deal with a greater potential for breakdown, and therefore has less motivation to enter into it, and the price reflects this. Self-construction, purchasing groups Moreover, they are also riskier transactions for the bank.Socioeconomic characteristics The bank has an extensive historical database of millions of past transactions. Based on this, the bank can, for example, generalize and determine that a certain profession leads to more bankruptcies despite the high salary it offers, and therefore, those in this profession will receive less favorable terms.Personal Impression – It's not just the numbers that talk. The banker's personal impression also has significance. Do you remember which words not to use? Arrive at your bank meeting prepared, as you would for a job interview. SummaryIt cannot be generalized or determined in any way that divorced women will not receive a mortgage. Each case is individual. It's not advisable to go to the bank with a statement of being a single mother. This is a concept intuitively associated with weakness. "Divorced" is a much better term. Please note that the marital status on the ID card is divorced. You should come to the bank fully prepared and not rely on the banker for advice regarding your mortgage. The banker's job is to maximize the bank's profit, meaning you will pay as much as possible..