Joint VA Loans
VA Loan Guidelines: VA Loans with Co-signors
The VA guidelines recognize legally married spouses of qualified veterans as co-signors on VA loans and can include their income. These loans can be fully guaranteed by the VA.
The VA guidelines will allow for more than one eligible veteran(s) to purchase a home. If more than one eligible veteran is involved, VA divides the entitlement charge equally between them, if possible. These loans can be fully guaranteed by the VA.
While the VA guidelines may allow for a non-veteran to co-sign for a mortgage loan, they will not fully guarantee the loan. The VA Guarantee is limited to that portion of the loan allocated to the veteran's interest in the property. That means the VA will not fully guarantee this type of loan and our company cannot originate loans that are not fully guaranteed by the VA.
VA LOAN ARTICLES
Read About Veteran Mortgage News, Updates, and Guidelines
VA Loan Benefits for the Spouse Alone?
In general, VA loan rules that cover VA loan eligibility for a new purchase have specific guidelines for active duty, members of the Guard and Reserve, as well as regulations that address VA loan eligibility for military spouses in two separate categories
FHA Lowers Loan Limits: Does This Affect VA Loans?
The Federal Housing Administration issued a statement on August 19, 2011, announcing lower FHA loan limits for some counties located in the most expensive markets.
What Is The DD214?
When military members out-process as part of retirement or separation, getting the DD214 is one of the last things to happen. Some companies offer to get your DD214 for a fee. While this is not technically illegal, it is misleading.
Which VA Refinancing Loans Require Occupancy?
If you have an existing VA home loan, you already know about the VA occupancy requirement for these loans. But some home owners are confused when it comes to these rules when it’s time to refinance the mortgage.
VA Loans for Guard/Reserve Members
Are you a member of the National Guard or are a Reservist interested in using your VA home loan benefits? Do you know what the basic eligibility requirements for using your VA loan benefits are?