Can me and my spouse both use our va loans?

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Jed Fahey asked a question: Can me and my spouse both use our va loans?
Asked By: Jed Fahey
Date created: Sat, Mar 20, 2021 1:10 AM
Date updated: Sat, Sep 24, 2022 7:49 PM

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Video answer: Va home loans

Va home loans

Top best answers to the question «Can me and my spouse both use our va loans»

No, you can't. VA loans are only for a primary residence. If two servicemembers each have a certificate of eligibility, a home you buy together still has to be one that you will use as your primary residence.

Video answer: How va home loans work

How va home loans work

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A spouse would only be financially obligated on the VA loan if he or she co-signed or co-borrowed on the mortgage or in cases where the loan originates in a community property state. Option 2: One spouse could use his or her remaining VA loan entitlement (any left over from a previous VA home loan) with the other spouses, providing the majority of the VA loan entitlement.

For an ex-spouse who is not a Veteran, you do not have access to the VA loan. VA loan benefits are solely for Veterans, service members and surviving spouses. Other low-down-payment mortgages, such as the USDA loan ($0 down) and FHA loan (3.5% down), may be a viable option. « Back to Articles

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Video answer: Is a non borrowing spouse or party on the contract or not

Is a non borrowing spouse or party on the contract or not