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What am I entitled to if my name is not on the deed of our marital home?

What am I entitled to if my name is not on the deed of our marital home?

Q: Can a non-borrower be on title on a VA loan?

Yes, a non-borrower can be on the title of a property financed with a VA loan. This means they can have ownership rights to the property even if they are not responsible for the loan payments. However, this should be discussed with the lender to ensure compliance with VA loan regulations.

Q: Who can be on the deed on a VA loan?

Typically, the deed can include the Veteran, their spouse, or other eligible individuals. The VA allows joint ownership with non-Veterans, but this may affect the loan's terms. It's advisable to consult with a lender for specific eligibility rules regarding co-ownership.

Q: Can I add my girlfriend to title on a VA loan?

Yes, you can add your girlfriend to the title of a property with a VA loan. However, keep in mind that this may impact the loan terms and eligibility. It’s best to discuss this with your lender to understand any implications.

Q: Can someone be on the deed but not the loan?

Yes, someone can be on the deed without being on the loan. This means they have ownership rights to the property but are not responsible for the mortgage payments. It's important to clarify this arrangement with the lender to ensure compliance with loan terms.

Full question:

My husband and I bought a house two years ago. His name is the only name on the loan since he used his VA loan through the Army. My name is on the deed with his, however. What am I entitled to as far as equity in the home?

Category: Real Property
Subcategory: Deeds
Date: 04/07/2025
State: Texas

Answer:

The fact that your name is not on the loan documents is irrelevant since it is on the deed. You have just as much equity in the home as you would if your name were on the loan documents as well as the deed.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Does the person assuming a VA loan have to be a Veteran?

Yes, generally, the person assuming a VA loan must be a Veteran or an eligible service member. However, a non-Veteran can assume the loan if they meet certain conditions, such as being a spouse of the Veteran or if the lender allows it. It's essential to check with the lender for specific requirements.