Updated over 4 years ago on . Most recent reply
Using father’s VA loan benefit
Hello Bigger Pocket,
My father is a veteran and he never used his VA Loan to buy a home. Can we use his VA loan as co signer to buy a property while we take care of all down payment and monthly mortgage payment. How is it doable to use it? Is there better option than VA loan?
Most Popular Reply
@Farheen Naveed No.
He can buy a home as a primary residence. That's his only option with his VA loan. And if any non-spouse were to co-sign, it would require a 12.5% down payment. And he cannot be a non-occupying co-borrower using his VA loan benefit.