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does a coborrower on a va loan also have to be in the military?

coborrower has never been in the military and no va benefits. i have them though. by keils_hannah89437141 from Colorado Springs, Colorado. Feb 3rd 2015 Reply


Nope, we are va specialists, give us a call! 303-578-9202Robert

Feb 3rd 2015
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Chris Neuswanger (mtnmortgageguy)
#93 ranked lender in Colorado - 92 contributions

That should not be a problem, only one borrower needs to have VA eligibility for a VA loan. Feel free to call me to discuss your situation in detail!

Feb 3rd 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

No they don't. As long as you are VA eligible you will be good to go. To get your Certificate of Eligibility is pretty quick. If you have your information available a lender like myself can pull the information from the VA system the same day. If you would like to get a quote or have any VA home loan questions I am available at 303-521-7169 or syoung@firstcal.net. I also have some great real estate agents I can refer you in the Colorado Springs area if needed. Best wishes, Sean

Feb 3rd 2015
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Only one military person needed for a VA loan.

Feb 3rd 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#78 ranked lender in Florida - 2,240 contributions

No but as per VA guidelinesAdditional down payment that is >= 25% of the non-veteran's half of the loan is required

Feb 3rd 2015
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Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 598 contributions

They will have either have their own benefits or you will need to be married to that person in order to be on the loan and their income used for qualifying against the residual income

Feb 3rd 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

No.. only the primary borrower has to have benefits, but if it's not a spouse but a co-borrower, then only half your benefits would apply to the sale.. you would need 12.5% down up to $417k sale price. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 3rd 2015
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Brian Esquivel (currentazmortgagerates)
#23 ranked lender in Arizona - 67 contributions

As long as the borrower has their certificate of eligibility the co-borrower does not need to have been in the military to obtain a VA home loan.

Feb 3rd 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,240 contributions

As long as you are married only you need the VA entitlement; VA does not allow unmarried co-borrowers without a significant downpayment. If you are not married, usually the best option is to apply for and qualify on your own for the mortgage.

Feb 4th 2015
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Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

The co borrower does not have to be VA Eligible as long as your are- for more information please e-mail me at pete.bass@everbank.com - Thank you for Your Service!

Feb 4th 2015
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