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.
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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.
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.
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
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.
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I can originate VA mortgage loans anywhere that I’m licensed.
I’m licensed in Alabama, Arkansas, Arizona, California, Colorado, 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, Utah, Virginia, Washington, and Wisconsin.
Additionally, our team can originate mortgages in several additional states through our corporate referral program.
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