Change Date

September 15, 2004, Change 4

This section has been changed to create subsection lettering.

a. What is a VA Joint Loan?

“Joint loan” generally refers to a loan for which

·   a veteran and another person(s) are liable, and

·   the veteran and the other obligor(s) own the security.

A joint loan is a loan made to

·   the veteran and one or more nonveterans (not spouse)

·   the veteran and one or more veterans (not spouse) who will not be using their entitlement

·   the veteran and the veteran’s spouse who is also a veteran, and both entitlements will be used, or

·   the veteran and one or more other veterans (not spouse), all of who will use their entitlement.

A loan involving a veteran and his or her spouse will not be treated as a “joint loan” if the spouse

·   is not a veteran, or

·   is a veteran who will not be using his or her entitlement on the loan.

A loan to a veteran and fiancé who intend to marry prior to loan closing and take title as veteran and spouse will be treated as a loan to a veteran and spouse (conditioned upon their marriage), and not a joint loan.

b. VA Regulations

The regulations at 38 CFR 36.4307 address joint loans.