A spouse of a qualified veteran is not a qualified veteran for purposes of the veterans' mortgage program unless the spouse also qualifies under 15 AAC 151.220 - 15 AAC 151.250. However, if the residence for which a loan is sought is to be owned by a husband and wife as joint tenants and one spouse is a qualified veteran for purposes of the veterans' mortgage program, the Corporation will consider both spouses as qualified veterans with regard to that loan.

(Eff. 5/7/93, Register 130; am 8/9/2006, Register 179)

Authority: AS 18.56.088, AS 18.56.098