getting mortgage approval when retiring from the military

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Post Posted: Fri Apr 03, 2009 2:26 pm    Post subject: getting mortgage approval when retiring from the military

My husband is retiring from the military in September, however he goes on terminal leave in June. We have tried to get preapproved for a mortgage, but were unable to because he was within 12 months of retiring. Currently he has a job offer in the same line of work, but it's in the preliminary stages. My question is that once he has a new job lined up, how do you prove retirement pay? He is planning to start a new job around July 1 (and is able to do so because of the terminal leave), but will not technically be retiring from the military until Sept. I know I'm probably not being very clear, but any input is appreciated.
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Icon Mini Profile savior70

Joined: 25 Mar 2009

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Post Posted: Mon Apr 06, 2009 7:44 am    Post subject:


I think he will have to wait till he gets the job. Once he joins the new job, he would be able to qualify for a loan.
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