Can I put my girlfriend on my VA home loan? (2024)

Can I put my girlfriend on my VA home loan?

Yes, an unmarried couple can apply for a joint VA loan. Whether it's two friends or a brother and sister applying for a mortgage, the application won't be treated any differently. And lenders will consider the income of both applicants.

Can you add a non spouse to a VA loan?

The VA doesn't expressly prohibit non-spousal co-borrowers, otherwise known as a joint VA loan. In those instances, the agency tells VA lenders that it will only guarantee the eligible borrower's portion of the home loan. That leaves a chunk of the mortgage without the government backing the program relies upon.

Can you have a domestic partner on a VA loan?

To qualify for a VA loan with a partner who is a service member or veteran, you're required to be “married” as defined or recognized by your state. This includes common-law and same-sex marriages. However, if you're unmarried but both have served, you could qualify for a VA loan based on both your entitlements.

Can a VA home loan have a cosigner?

The good news is that you can have a VA loan co-signer to assist you. However, this co-signer will likely need to be your spouse or another borrower who qualifies for VA loans. Read on to uncover the key insights regarding VA co-signer criteria and pave the way for a successful journey towards homeownership.

Can I use my VA home loan with a friend?

If you're a Veteran and want to apply for a VA mortgage with your friend, then a joint VA loan might be the right way to go. The joint VA loan program allows Veterans and/or active-duty military members to use a joint borrower who is not a spouse or other Veteran.

Can my girlfriend be a co borrower on my VA loan?

In fact, family members are not the only ones who may be able to be an owner or a home with a VA loan. Any person having a good credit report can join a Veteran in using his or her VA benefits either by adding them as a co borrower or merely a co-owner of the home. Many lenders won't allow this but some do.

Can a non family member assume a VA loan?

Unlike the VA mortgage loans, which are only available to active or retired Service Members and their families, anyone the lender deems qualified is eligible to take over the loan. This means that even non-veteran homebuyers can assume a VA loan.

Does the VA recognize cohabitation?

As long as the spouse is not materially at fault in the separation, the continuous cohabitation requirement is met. Note: It is irrelevant that the parties lived apart for many years prior to the Veteran's death, as long as the claimant did not intend to desert the Veteran.

Can my wife use my VA loan without me?

In general, military spouses can't use your VA loan without you. However, there are a few exceptions. According to the VA, a spouse can receive a certificate of eligibility (COE) if: The veteran is missing in action (MIA) or a prisoner of war (POW)

What qualifies a spouse for VA benefits?

You may be eligible for VA benefits or compensation if you meet these requirements. One of these must be true: You lived with the Veteran or service member without a break until their death, or. If you're separated, you weren't at fault for the separation.

What is the lowest credit score for a VA loan?

VA lenders typically require a FICO score of at least 620. High loan amounts, such as those exceeding $1 million, may require a higher credit score. Some lenders may approve lower scores, but it's common for these borrowers to face additional financial scrutiny and requirements.

How does the VA verify occupancy?

To satisfy the VA occupancy rule, your attorney or the dependent's legal guardian must certify that the occupancy requirement has been met. If you can meet the requirement via a spouse or dependent, you and your family won't need to worry about residency being an issue while you're on duty.

Can a VA loan be signed over to someone else?

VA mortgages are typically only available to active-duty service members, veterans and their spouses. Although, a non-veteran can assume a VA home loan as long as the original holder of the loan is willing to transfer their VA loan entitlement.

Can I use my VA loan to buy a house for my daughter?

Children cannot use their Veteran parent's VA loan benefits, but it's not impossible for a Veteran or their surviving spouse to help their child with a VA loan of their own. Doing so can be challenging, so it's best to contact a Veterans United VA loan expert at 573-876-2600 to discuss your options.

Can a wife use a VA loan?

Can A Service Member's Spouse Get A VA Loan? Spouses of an active duty or former service member can qualify for a VA loan through the Department of Veterans Affairs (VA) as a co-signer or co-borrower. Surviving spouses may be able to take out a VA loan on their own.

Can a Veterans girlfriend be on a VA loan?

If you are in a domestic partnership or a long-term relationship but aren't married according to your state's laws, your partner will only be able to be a co-borrower if they're a qualified veteran or current servicemember. If they're not, you'll have to be the sole borrower on the loan.

Can I give my VA loan to a family member?

Whether you're a VA loan borrower or someone interested in taking over another person's VA loan, you may wonder if the mortgage can transfer from one person to another. The answer is yes—qualified buyers can assume responsibility for a VA home loan through a process called VA loan assumption.

Can a married couple have two VA loans?

Is it possible to have two VA loans at one time? The simple answer — yes! In some situations, you can own two homes at once with a second VA loan, if you have enough remaining entitlement.

What happens to VA loan when veteran dies?

In many cases the surviving spouse is the co-borrower on the loan, but even if the surviving spouse isn't included on the loan, they will most likely assume the debt when they take on their loved one's estate. If there are no children or other relatives to claim your estate, it will be sold to repay your VA loan debt.

What is acceptable proof of cohabitation?

important documents of both parties showing the same address, for example, identification documents, driver's licenses, insurance policies. shared responsibility for household management, household chores. children of one or both partners are residing with the couple. record of telephone calls.

Can I add my domestic partner to my VA benefits?

Q: Will VA recognize my domestic partnership or civil union for purposes of VA benefits? A:For purposes of VA benefits and services, VA will recognize as marriages only those relationships that are recognized as "marriages" under state law.

What states prohibit cohabitation?

— "The First Measured Century: Social disruptions". PBS. As of December 2023, cohabitation of unmarried couples remains illegal in two states (Mississippi and North Carolina), while as of 2023 fornication remains illegal in two states (Georgia and South Carolina).

What happens to a VA loan in a divorce?

According to the Department of Veterans Affairs, any VA home loan entered into after 1988 can be assumed by another qualifying buyer. This means that if you're undergoing a divorce, there may be an option to transfer the VA loan to your ex-spouse or another eligible individual.

Can the wife of a deceased veteran get a VA loan?

To get a VA-backed home loan as the surviving spouse of a Veteran, you'll need a Certificate of Eligibility (COE) to show your lender that you qualify for this benefit. Find out if you can get a COE. Keep in mind that you'll also need to meet your lender's credit and income requirements to get a loan.

What is the VA 10 year rule?

VA's 10-year rule states that the U.S. Department of Veterans Affairs cannot terminate service connection for a disability that has been in place for at least 10 years unless there was evidence of fraud at the time of the grant.