Posted on Mar 10, 2017
Who makes the decision to sign a VA Loan, the wife, husband or both?
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Posted in these groups: 
VA Loan
VA Loan
Posted 8 y ago
Responses: 9
That depends on if you both are on the loan, both providing insurance of payback, both providing financial info for the loan consideration.
If the loan request is in YOUR name only and your spouse will not be included as a loan recipient, payee then as I remember, you will only be providing your spouse’s legal info so debt and past financial info can be collected.
In all three of my (our) VA loans, both my wife and i signed, as we were both "taking out a loan" both incomes, both income to debt ratio was considered.
If the loan request is in YOUR name only and your spouse will not be included as a loan recipient, payee then as I remember, you will only be providing your spouse’s legal info so debt and past financial info can be collected.
In all three of my (our) VA loans, both my wife and i signed, as we were both "taking out a loan" both incomes, both income to debt ratio was considered.
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SGM Erik Marquez
CPT Joseph K Murdock - Sir it was not my intent to provide you with a lie, pretty or otherwise.. I apologize that what I responded with could in anyway be construed or inferred as a lie.
I’ll leave you to your own research.. And trust me, I’ll not bother you again with anything you might assume is less than truthful.
Good day.
I’ll leave you to your own research.. And trust me, I’ll not bother you again with anything you might assume is less than truthful.
Good day.
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LtCol Robert Quinter
The "VA Loan" is merely a mortgage tendered by a bank to the applicants for the loan. Through your service, you qualify for the VA to guarantee the loan, therefore relieving you of the necessity of buying insurance on the mortgage. If you and your wife's financial assets are both considered and necessary for the bank to qualify you for the mortgage, you will both sign the loan, if you alone can qualify for the mortgage, and your wife doesn't want to be on the loan, you may sign it without her. In either case, you name must be on the mortgage since you are the one who qualifies for the VA guarantee. It would be wise to consult an attorney concerning the inheritance laws in your state if your wife does not desire to be on the mortgage. The mortgage company will not normally allow her to be on the deed if she is not on the loan. The terms of the VA guaranteed loan are federally established and are not dependent upon the state where the property is located. Who signs the mortgage first is irrelevant. SGM Marquez is accurate.
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PO3 Christopher Jonah Nelson
You may not use your spouse's income on an application for a loan unless you also include them in the credit application process. The lender will only allow you to claim income from W-2s with names matching those on the loan.
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Funny, I just noticed only a couple people actually answered the question. I normally make all financial decisions after explaining my logic to my wife and getting her buy in. Both sign.
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