New England Properties

Frequently Asked Question: Can I Use My Father's VA Loan Eligibility to Buy a House?

Frequently Asked Question: Can I Use My Father's VA Loan Eligibility to Buy a House?

Q: My dad has not used his VA Loan. Can he transfer that loan to me to use to buy a house?

A: No. Children of an eligible veteran are not eligible for the VA home loan benefit. However, the unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the VA home loan benefit. In addition, a surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003, is also eligible for the VA home loan benefit.

 

Best Choice Real Estate Services
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Lew Corcoran - Licensed Real Estate Professional

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0 commentsLew Corcoran • November 12 2009 09:50AM