Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”.
This week, we answer the question:
Can an eligible veteran have a co-borrower on a VA Loan?
In some circumstances, there is a need for a co-borrower in order to qualify for a mortgage. This person will be equally liable for this loan. Luckily, with a VA loan, you ARE allowed to have a co-borrow, however it is limited to another veteran or your spouse. So, if you are interested in having a co-borrower on a VA loan, make sure they fall under one of those two categories. Please give us a call with any questions on this or any home loan related topic.
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