If two spouses are both veterans, can they combine their separate Loan Guaranty entitlements?

When both spouses are veterans, they have the option to combine their separate Loan Guaranty entitlements. This capability allows them to maximize their purchasing power when they are applying for a home loan. By pooling their entitlements, they can potentially qualify for a larger loan amount without having to pay a down payment, as long as the loan amount does not exceed the limits set by the Department of Veterans Affairs. This feature is beneficial particularly for couples looking to buy a home together, facilitating home ownership by leveraging both of their military service benefits. It underscores the flexibility that veterans have in utilizing their loan benefits to better meet their housing needs.

The other options do not accurately reflect the policy regarding the combination of Loan Guaranty entitlements for veterans who are spouses, as there are no stipulations such as marriage duration or limitations based on loan types that would restrict the ability to combine these entitlements.