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If I have a co-borrower who is not a spouse, does this impact my VA benefits?

by nathaniel839 from Tempe, Arizona. Mar 29th 2016 Reply


Lorne Harvey (lorneharvey)
#81 ranked lender in Washington - 419 contributions

To have a co-borrower on a VA loan, it has to be your spouse. Otherwise, it would have to be another veteran who also qualifies for VA benefits for a loan, and you would split the eligibility.

Mar 29th 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,045 contributions

Unfortunately, this is not allowed.. unless your married, you cannot use a non veteran co-borrower.. I would be happy to look at your complete loan profile and give you other options.. I'm local to AZ.. here in Scottsdale.. 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 NMLS# 226347

Mar 29th 2016
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John Schweer (johnschweer)
#9 ranked lender in Missouri - 162 contributions

Yes, VA only guarantees the Veterans half of the loan. If a purchase you would need 25% down on the coborrowers half of the loan. Ie net 12.5% of the purchase price. They are extremely rare loans most uninformed loan officers dont even know they exist. You both have to qualify for your half of the loan independantly, an the VA will directly sign off on them. If the co borrower is also a Veteran then no down payment required..... if a refi different rules apply. Im a VA mortgage specialist call anytime

Apr 6th 2016
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