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Discussions tagged with 'Manual Underwriting Guidelines on VA Loans'
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My husband and I recently moved to Indiana from WA, we sold our home there which was a VA loan, however we had late payments on the mortgage due to some health things I went through last year. We know are trying to find a new option for living as currently living with a friend to get our self established in new jobs in a new state but we really need to find a 4 bedroom and the price or rent compared to buying is so crazy, I dont know that we can requalify for a VA loan with the late payments but he does get a 70% disability rating through the VA. What other options might we be able to explore. I know this month I got rid of a car loan that was my daughters on my credit and so we are trying to raise the credit scores to also help with the approval process. Also to note for the loan amount question above we found a property that is at 380,000 on market but there is also a few higher and lower that we would be willing to look at the amount changing if we could get some kind of approval to not have to rent. (Another lender told us our only option is to rent for a year) Email is best contact for me, thank you for your time.
All in all, can I get a VA Loan with Late Payments in Past 12 Months and if I cannot, what can I do to rebuild and re-establish credit to get approved for a VA loan or another type of alternative home loan. Thank you.
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