Posted on Aug 25, 2022
PFC Pamala (Hall ) Foster
PFC PFC Pamala (Hall ) Foster
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Currently, I have my home on the market and I have a VA loan on the one selling and the one I am buying -but being told I have to bring a rather large downpayment to closing and debt income ratio is the reason. I still have OVER 400K entitlement remaining and I am so lost and wonder if getting a second lender opinion is a good idea because I am lost. Who do you recommend?
Posted in these groups: B9316429050z.1 20150301153016 000 g67a2u12p.1 0 LoansValoancaptain VA Loan6d4dc9fa Loan Officer1 Home Loan
Posted >1 y ago
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Responses: 13
SGM Jeff Mccloud
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SGM
Posted >1 y ago
Is it because your current VA loan on the house you haven't sold yet is also part of your debt to income ratio?
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PFC Pamala (Hall ) Foster
PFC Pamala (Hall ) Foster
>1 y
I talked to the Lender and I think that is the reason why? I let the house under contract go and we are selling the house still and will continue searching and if need be, stay with family or rent until everything settles
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SFC David Reid, M.S, PHR, SHRM-CP, DTM
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Yhis an excellent Benerit for Veterans for life.
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SSG Laurie Mullen
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SSG
Posted >1 y ago
I didn't need a down payment when I bought my house in late 2007.
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