video: VA Loans And Divorce

 

This video highlights the VA loan rules relating to divorce.


If a veteran with a spouse purchases a home with a VA loan they are not eligible for another VA loan until that loan is paid in full.
If the veterans spouse is awarded the property in a divorce settlement the veterans entitlement cannot be restored and they cant obtain another VA loan until their ex-spouse refinances the property and/or pays off the VA loan in full.
If the ex-spouse is also a veteran they may be able to substitute their entitlement; consult with the VA for situations with this level of complexity.


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