To Whom it May Concern: I was wanting to know if my step-children can use my VA loan to buy a house? My husband(their father)is also a vet and we used his VA Loan to buy our home.
And I would like to allow either one of my step-children to use my VA loan if that possible? Or can my husband, although he has a VA Loan on our house, can he still let them use the part of his VA Loan that was not used to buy a home for themselves.
Or could they use mine being their stepmother?Please let us know how and if this can be done and is if can do they get the same type loan we received with some costs paid for us and zero down etc.
Thank You very Much. I would very much like to hear from you soon, Please e-mail me the answers.
Once again thanks, Russell And Kim R.
Thank you stopping by our website and asking your questions. Also I wanted to give you a big shout out for providing all the details so I can give you the best answer.
In answer to your questions, the VA loan is only for the Veteran him/her self. In other words, only the person who served in the military can obtain the home loan which is guaranteed by the VA.
Your children or step children would have to be vets themselves to get in one one of these type of loan programs.
Besides that, you can only have one VA loan at a time. So you or your husband both being Vets cannot buy a home for your children using the VA Loan.
Ex-husband dies, will surviving family who is not on the FHA loan get to keep the house? Also, can a person be able to get an FHA loan when just out of foreclosure for a co-signed loan? Discover the a…
Is it possible to get down payment and closing cost assistance when you have a co-borrower on your FHA loan? Also, will a change from W-2 to 1099 income affect being able to qualify for an FHA loan? U…