Can I get a VA Loan guarantee on a house that I want to have a partner with ? Or do I have to be married ?

You would probably do better to try the VA loan on your own. You'd be surprised at how easy the process is. I don't think they'd respond well to you trying to use your VA loan in conjunction with another person's credit rating, especially if you're not married. But check on it anyway.

Contact the VA online and get your certificate of eligibility first. Then check with various lenders about their lending opportunities. Be sure to let them know that you've got your certificate. It will open many doors, as it has for me. I now have my own home for the first time. No more apartments for me.

Good luck.

Duke

I am link this to the finance forum. Partner says business. If that is the case, that violates the rules. A VA guaranteed home loan is meant to be owner occupied.

Yes and no. VA does have a provision where a veteran and non-veteran that is not a spouse can buy a house using the VA loan. However, lenders don't typically do them for a multitude of reasons. First off, VA has to actually approve the loan prior to closing. This is a practice not often exercised by lenders. Also, lenders run the risk of not being able to secure the loan through their normal channels because the veteran only has to be qualified to pay their portion of the loan and not the full 100% of the payment.

I have a question. Is there a time limit from the time the application is made for the lenders to make a desision?

There is not a time limit for an underwriting approval. The only time limits that are in place are on appraisers to get the appraisal uploaded to VA. Most lenders have at least a week turn around time right now. Some are out 3-4 weeks.

Thanks for your reply. I did not know if was that they are overworked or my imperfect credit. I don's want to be just led along.

There are often advertisers right here on www.military.com who are great sources of information and credit. Don't be afraid to check them out.

Also, remember that www.va.gov is the offical site for the Department of Veteran's Affairs. Don't hesitate to use it.

As odd as it may sound, painfully odd actually, VA is about the last place to go to get accurate information on getting a VA loan. Lenders are allowed to place their own credit guidelines on top of what VA will allow. Thus, minimum credit scores are currently in effect at 620 middle score, debt to income ratios over 50% aren't getting approved no matter the situation, and maximum loan limits are cut short of what VA will accept. Forget about trying to finance a manufactured home under VA and most places will not fund energy efficient loans anymore. Credit is still tight for the housing industry and I wouldn't expect to see that loosing up anytime soon.