Friday, September 27, 2013

Joint VA Loan Benefit Offered to Same-Sex Couples

Per the VA News Feed:
"Effective immediately, the Department of Veterans Affairs (VA) will, to the extent legally possible, begin reviewing applications for the home loan guaranty benefit for same-sex married couples in a manner consistent with processes currently used for opposite-sex married couples."

VA Circular 26-13-18 goes into further explanation....
"Previously, if a Veteran obtained a loan with anyone other than his or her opposite-sex spouse, VA could only guarantee the Veteran’s portion of the loan. On September 4, 2013, the Attorney General of the United States announced that the President had directed the Executive Branch to cease enforcing statutory language in title 38, United States Code, defining a “spouse” or “surviving spouse” as someone of the opposite sex. As a result of the President’s directive, VA and the Department of Justice are working diligently to provide comprehensive guidance on the delivery of benefits to same-sex married Veterans, including guidance for determining applicable state law when establishing the validity of a marriage. In the meantime, VA will now review applications for the home loan guaranty benefit submitted by married same-sex couples. On a case-by-case basis, VA will determine whether same-sex married couples can use both spouses’ incomes to qualify for a loan."
This will open the door for many same sex couples who already have the legal right to marry. Locally here in the Northwest the verdict is split, in Washington State it is legal for same sex couples to marry; as of now Oregon has only broad protections in place but I anticipate this changing in the near future. Maps of current laws by state can be found at and

To apply for this or any other loan program contact me today!

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