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.
Brand and license this video, plus hundreds more, for your mortgage, title or real estate business. More Info Here.