Who makes the decision to sign a VA Loan, the wife, husband or both?

CPT Joseph K Murdock — Fri, 10 Mar 2017 16:49:07 -0500

Response by SGM Erik Marquez made Mar 10 at 2017 4:53 PM

SGM Erik Marquez — Fri, 10 Mar 2017 16:53:01 -0500

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.

Response by PVT Mark Brown made Mar 10 at 2017 6:06 PM

PVT Mark Brown — Fri, 10 Mar 2017 18:06:29 -0500

Pretty much me but my wife was ok once she understood the benefits.

Response by COL Charles Williams made Mar 10 at 2017 9:13 PM

COL Charles Williams — Fri, 10 Mar 2017 21:13:06 -0500

CPT Joseph K Murdock Both... or you won't be married long...

https://www.veteransunited.com/v3/lp/?src=rp&adg=rpnative&desc=eligibility

Affordable Home Loans for Military Men and Women from Veterans United Home Loans

Complete a VA Home Loan Request form and have our VA Loan Specialists will guide you through the mortgage process.

Response by MCPO Roger Collins made Mar 10 at 2017 9:35 PM

MCPO Roger Collins — Fri, 10 Mar 2017 21:35:35 -0500

Lots of reasons why to do so, beginning with survivor rights. If anything happens to either of you, the property defaults to the surviving owner. This applies to financial accounts also.

Response by CPT Jacob Swartout made Mar 10 at 2017 10:23 PM

CPT Jacob Swartout — Fri, 10 Mar 2017 22:23:26 -0500

My wife and I signed the VA Loan for our house.

Response by SFC George Smith made Mar 10 at 2017 11:06 PM

SFC George Smith — Fri, 10 Mar 2017 23:06:29 -0500

I Did... and she Took the Money and Ran and left me with the bankruptcy...

Response by PO3 Christopher Jonah Nelson made Mar 11 at 2017 12:51 AM

PO3 Christopher Jonah Nelson — Sat, 11 Mar 2017 00:51:54 -0500

In order to qualify for VA guarantee, only the SM *must* sign. The spouse may sign or not, depending on preference. You may not count your spouse's income unless they're included on the credit application. At the time of actual title transfer, you have the option to assign survivor's benefits, regardless of whether or not your spouse was on the loan.

Response by MCPO Roger Collins made Mar 11 at 2017 9:27 AM

MCPO Roger Collins — Sat, 11 Mar 2017 09:27:10 -0500

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.

Response by CPT Joseph K Murdock made Mar 11 at 2017 3:39 PM

CPT Joseph K Murdock — Sat, 11 Mar 2017 15:39:24 -0500

Stupid question: Where do I find a VA Loan officer?