As of January 2014, married same sex couples may now apply for VA-backed mortgages in 17 states.
VA Loan For Same Sex Marriages
All men and women are created equal. Until recently, that has not always been the truth. Now according to the Supreme Court ruling on same sex marriages, all men and women who serve in the military and meet VA Eligibility requirements are indeed treated as equals regardless of whom they marry.
For decades VA loans were only awarded to veterans and spouses of the opposite sex, until the Supreme court ruled that the federal Defense of Marriage (DOMA) discriminates against those that choose to have a married partner of the same sex, this after several states decided to legalize same-sex marriages.
This has opened the doors to many veterans that before now, could not purchase a home using their VA Entitlement with their partner. Now veterans of all race, color, sex and sexual preference can be treated as equals in the eyes of VA and VA lenders…at least in 17 states. These states include, California, Connecticut, Delaware, Hawaii, Iowa, Illinois, Maine, Maryland, Massachusetts, Minnesota, New Hampshire, New Jersey, New Mexico, New York, Rhode Island, Vermont, and Washington - plus Washington, D.C.
Under court rulings, all benefits offered to a married couple of the opposite sex must be also be offered to same-sex married couples. This includes veterans’ benefits. Among these programs is the most popular, VA Home Loan Guarantee program. VA home loans offer veterans and active duty service members and their families mortgages with lower interest rates, little or no lender fees, lower monthly payments as well as the ever popular no down payment option on their real estate transactions, as well as other tremendous advantages. The program can be used to buy single or multi family homes or a condo. It also is very popular when used to refinance a mortgage to a lower rate or get cash out up to 100% of the value of the home. The refinance can also allow the veteran to make repairs or home improvements, as well as finance up to 106% of the value of the home for energy efficient improvements.
"United States v Windsor" (Defense Of Marriage Act; Supreme Court Ruling) June 26, 2013. Retrieved 2014-01-13 http://www.supremecourt.gov/opinions/12pdf/12-307_6j37.pdf
"States Acknowledging Same Sex Marriage" January 6, 2014. Retrieved 2014-01-13 http://gaymarriage.procon.org/view.resource.php?resourceID=004857
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