Hey everyone, I have a quick question… if an Army wife is separated from her husband, can she still use a VA loan to buy a house? I heard it’s only for the servicemember, but I wanted to see if anyone has more info on this.
As far as I know, the VA loan is only available to the active servicemember. If they’re separated, she would likely need to go with a conventional loan instead. Kinda rough but that’s the rule.
Kai said:
As far as I know, the VA loan is only available to the active servicemember. If they’re separated, she would likely need to go with a conventional loan instead. Kinda rough but that’s the rule.
Thanks! That makes sense. So even if they’re married, the separated spouse can’t use it?
Kai said:
As far as I know, the VA loan is only available to the active servicemember. If they’re separated, she would likely need to go with a conventional loan instead. Kinda rough but that’s the rule.
Yeah, exactly. She can only qualify if they’re not separated and she’s applying alongside her spouse.
This is correct! VA loans are strictly for the servicemember unless the spouse is also a co-borrower. If they’re separated, VA doesn’t extend the benefit to just the spouse.
Hadi said:
This is correct! VA loans are strictly for the servicemember unless the spouse is also a co-borrower. If they’re separated, VA doesn’t extend the benefit to just the spouse.
Got it. Do you think it’d be worth looking into a different kind of loan altogether then?
Hadi said:
This is correct! VA loans are strictly for the servicemember unless the spouse is also a co-borrower. If they’re separated, VA doesn’t extend the benefit to just the spouse.
Yeah, a conventional loan would be the way to go here. She can still get good rates, just no VA benefits.
One thing she might want to check—if there’s a divorce down the line, it could get tricky with property ownership. Just something to keep in mind!
Chancey said:
One thing she might want to check—if there’s a divorce down the line, it could get tricky with property ownership. Just something to keep in mind!
Good point. That could be messy. So probably best to keep it separate from the VA loan, huh?
Chancey said:
One thing she might want to check—if there’s a divorce down the line, it could get tricky with property ownership. Just something to keep in mind!
Exactly! This way, it stays her property and doesn’t tie up with military benefits.
Quick question—what exactly is a conventional loan? Just curious!
Vesper said:
Quick question—what exactly is a conventional loan? Just curious!
Basically, it’s just a regular mortgage that’s not tied to VA or other military benefits. Standard rates, down payments, etc.
Vesper said:
Quick question—what exactly is a conventional loan? Just curious!
Ahhh got it, thanks for explaining! That makes sense.
Definitely check with a lawyer too if she’s going this route. They can help figure out any complications with the separation part.
Indigo said:
Definitely check with a lawyer too if she’s going this route. They can help figure out any complications with the separation part.
Thanks, I’ll suggest that! Didn’t think about a lawyer, but sounds smart.
Indigo said:
Definitely check with a lawyer too if she’s going this route. They can help figure out any complications with the separation part.
No problem! Better safe than sorry when dealing with property stuff.