Will a lender consider both spouses' income when living in separate states?

Profile picture for vstrodtman
My husband and I both work for the same government agency in California.  He recently relocated to Nebraska (still working for the same agency) for a better position.  I stayed in California to keep my job.

We own a house in California that we now rent and I moved home with my mom (so no housing expenses).  The rent covers our monthly principle, interest, taxes, and insurance payments, plus a little extra for any repairs needed.

Since I live at home with my mother with no rent or mortgage expenses, will the lender use both our incomes to qualify for a VA loan (my husband's the vet)?
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1Yes

February 06 - Omaha
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Answers (1)

Profile picture for Georgie Vint
It would depend on wether you have rented the home for more than a year, to show you a capable of acting as a land lord. But yes you should be able to use both of your incomes.The rental of the previous home is probably the biggest step you will have to make. But I do have a loan officer that can help with all of this, if you would like him to.
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1Yes

February 06
 

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