Do you only offer VA loans?

I am a full service mortgage broker. Although VA is the majority of what I do, I also have other mortgages like FHA, Conventional, USDA and Non QM.

Do you only service the Dayton and Cincinnati markets?

Dayton and Cincinnati are the majority of my business. However, I'm authorized to offer mortgage loans in 40 states. For loans outside of these areas, I can refer them to friends in the business.

Can You Get A VA Loan If You Are The Child of A Veteran?

A question I frequently encounter as a loan officer is, “Can I get a VA loan if my dad (or another relative) is the veteran?” This is a common concern, particularly among family members who want to help each other secure affordable housing. However, there are specific eligibility requirements for VA loans that may surprise you.

Key Takeaways

VA Loan Eligibility: VA loans are specifically designed for the veteran themselves and do not transfer to family members or relatives.
Primary Residence Requirement: The veteran must be the buyer of the property and must also live in the home to qualify for a VA loan.
Alternative Options: If a veteran wishes to assist a family member in buying a home, there are alternatives, such as conventional loans, that may be appropriate for that scenario.

Take the 30 second mortgage quiz to see if you qualify

Understanding VA Loan Eligibility

The VA home loan program is exclusively for the veteran themselves. Unfortunately, this means that the benefits of the VA loan do not pass down from generation to generation. In simpler terms, if your father is a veteran, you cannot directly use his benefits to obtain a VA loan in your name.

Primary Residence Requirement

Additionally, the VA loan is intended for the veteran to purchase their own primary residence. This means that if a veteran is looking to buy a home for a child (including adult children), this arrangement does not qualify under VA guidelines. The veteran must be the buyer and must occupy the home as their primary residence.

Exploring Alternative Options

For veterans who wish to assist their family members, there are alternative financing options. For example, if a veteran wants to help a college student buy a house, conventional loans might be a viable pathway. These options provide flexibility that the VA loan program cannot offer.

Take the 30 second mortgage quiz to see if you qualify

Final Thoughts

In summary, VA loans are specifically tied to the veteran and require that the veteran be the primary buyer of the home. Unfortunately, these benefits cannot be transferred to family members. If you’re exploring ways to buy a home with the help of a veteran in your family, consider looking into alternative loan programs that might better suit your needs.

Have questions about VA home loans? Click here to contact me.

Licensing Info

I can originate VA mortgage loans anywhere that I’m licensed. I’m licensed in Alabama, Arkansas, Arizona, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin. Additionally, our team can originate mortgages in several additional states through our corporate referral program.

How To Get A VA Home Loan With Bad Credit

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Carlos Scarpero

Carlos Scarpero is the founder of Scarpero.com and a mortgage loan officer focusing on VA and Non QM mortgage loans. He is also the author of VA Loans Made Easy.