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VA Home Loans & Your Divorce

One of the first and most important steps in the divorce process is deciding which spouse is going to keep the family home. This helps a divorcing couple decide who is responsible for paying the mortgage during and after the divorce. However, if the home was purchased using a VA loan, this process can get a little more complicated.

VA Home Loans

A veteran may be eligible for a loan if they served their required term or were honorably discharged. This loan can be used to purchase a home and help a burgeoning family start the next chapter of their lives. The veteran’s spouse can share and enjoy their partner’s benefits for the duration of their marriage. However, once the divorce is finalized, these benefits are stripped away entirely.

Veterans can only receive one VA loan at a time, so they rarely want to leave the family home to their ex-spouse. It’s important that whichever spouse receives the family home is able to afford it. If a single owner can’t pay the full mortgage on their own, they may need to refinance the house to secure a longer mortgage or lower the interest rate to make the monthly payments more affordable. Usually, this option is only applicable if the veteran keeps the home or is willing to let their spouse have it for the sake of their children.

Couples who want to make a clean break can just sell the shared property and divide the equity fairly. This allows the veteran to request a different VA loan to purchase a new housing opportunity.

Explore Your Options Today

Divorce is rarely a simple process, and splitting assets and debts is usually one of the most difficult aspects of the process. If you’re concerned about how your debts or VA loans may impact your divorce settlement, contact the Illinois divorce attorneys at Wakenight & Associates, P.C. Our experienced legal team can help you negotiate a fair settlement that benefits you and your children.

Call Wakenight & Associates, P.C. to schedule a free consultation. We have offices conveniently located in Joliet, Oak Park, and Mokena.


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Litigation can be complex and even the most amicable of negotiations can go awry. No matter what your case involves, the stakes can be high. If you are dealing with any type of family law issue, then your choice in representation will matter. The team at Wakenight & Associates, P.C. informs you of your options, keeps you involved in the process, and helps you understand your rights. Working with our firm means you will be in the best possible position to make sound, logical decisions that will have a positive impact on your family, your finances, and your future.

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