# 38 C.F.R. § 36.4210 (2026): Joint loans > Federal · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4210 ## Section - **Citation:** 38 C.F.R. § 36.4210 (2026) - **Heading:** Joint loans - **Jurisdiction:** Federal - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Title 38 CFR: Pensions, Bonuses, and Veterans' Relief / Chapter I: DEPARTMENT OF VETERANS AFFAIRS / Part 36: LOAN GUARANTY / Subpart A: Guaranty of Loans to Veterans to Purchase Manufactured Homes and Lots, Including Site Preparation / § 36.4210: § 36.4210 Joint loans. ## Text (a) Except as provided in paragraph (b) of this section, the prior approval of the Secretary is required in respect to any manufactured home loan to be made to two or more borrowers who become jointly and severally liable, or jointly liable therefor, and who will acquire an undivided interest in the property to be purchased or who will otherwise share in the proceeds of the loan, or in respect to any loan to be made to an eligible veteran whose interest in the property owned, or to be acquired with the loan proceeds, is an undivided interest only. The amount of the guaranty shall be computed in such cases only on that portion of the loan allocable to the eligible veteran which, taking into consideration all relevant factors, represents the proper contribution of the veteran to the transaction. Such loans shall be secured to the extent required by 38 U.S.C. chapter 37 and the regulations concerning guaranty of manufactured home loans to veterans. (b) Notwithstanding the provisions of paragraph (a) of this section, the joinder of the spouse of a veteran-borrower in the ownership of property shall not require prior approval or preclude the issuance of a guaranty based upon the entire amount of the loan. If both spouses be eligible veterans, either or both, within permissible maxima, may utilize available guaranty entitlement. (c) For the purpose of determining the rights and the liabilities of the Secretary with respect to a loan subject to paragraph (a) of this section, credits legally applicable to the entire loan shall be applied as follows: (1) Prepayments made expressly for credit to that portion of the indebtedness allocable to the veteran shall be applied to such portion of the indebtedness. All other payments shall be applied ratably to those portions of the loan allocable respectively to the veteran and to the other debtors. paragraph (a) of this section, credits legally applicable to the entire loan shall be applied as follows: (1) Prepayments made expressly for credit to that portion of the indebtedness allocable to the veteran shall be applied to such portion of the indebtedness. All other payments shall be applied ratably to those portions of the loan allocable respectively to the veteran and to the other debtors. (2) Proceeds of the sale or other liquidation of the security shall be applied ratably to the respective portions of the loan, such portion of the proceeds as represents the interest of the veteran being applied to that portion of the loan allocable to such veteran. (Authority: 38 U.S.C. 3703(c)(1)) [44 FR 22725, Apr. 17, 1979, as amended at 55 FR 37473, Sept. 12, 1990] ## Nearby sections - [38 C.F.R. § 36.4201 (2026) § 36.4201 Applicability of the § 36.4200 series.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4201.md) - [38 C.F.R. § 36.4202 (2026) § 36.4202 Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4202.md) - [38 C.F.R. § 36.4203 (2026) § 36.4203 Eligibility of the veteran for the manufactured home loan benefit under 38 U.S.C. 3712.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4203.md) - [38 C.F.R. § 36.4204 (2026) § 36.4204 Loan purposes, maximum loan amounts and terms.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4204.md) - [38 C.F.R. § 36.4205 (2026) § 36.4205 Computation of guaranty.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4205.md) - [38 C.F.R. § 36.4206 (2026) § 36.4206 Underwriting standards, occupancy, and non-discrimination requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4206.md) - [38 C.F.R. § 36.4207 (2026) § 36.4207 Manufactured home standards.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4207.md) - [38 C.F.R. § 36.4208 (2026) § 36.4208 Manufactured home location standards.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4208.md) - [38 C.F.R. § 36.4209 (2026) § 36.4209 Reporting requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4209.md) - [38 C.F.R. § 36.4210 (2026) § 36.4210 Joint loans.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4210.md) - [38 C.F.R. § 36.4211 (2026) § 36.4211 Amortization—prepayment.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4211.md) - [38 C.F.R. § 36.4212 (2026) § 36.4212 Interest rates and late charges.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4212.md) - [38 C.F.R. § 36.4213 (2026) § 36.4213 Capacity of parties.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4213.md) - [38 C.F.R. § 36.4214 (2026) § 36.4214 Geographical limits.](https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4214.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T38_P36_S36_4210. 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