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VA loan question need opinion pls

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Icon Mini Profile snypam118





Joined: 01 Nov 2009

Posts: 2

1.77 Dollars($)
Post Posted: Sun Nov 01, 2009 12:40 pm    Post subject: VA loan question need opinion pls
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OK please riddle me this. VA loan on current house. Using the rest of my entitlements on another house. Current house is for sale. Assuming I do not sell my current house in time will I be able to be approve(i know there are not definate answers just looking for opinion) for the second home. Army required me to move. Here are the facts

New price is 222900

FICO of 692(TU) and 680EQ)
Current PITI : $1160
Auto loan : $661
New PITI est : $1540
Gross monthly: 5990
Residual Inc : 1700ish(VA minimum is 730ish
Reserves :25k savings and 15k retirement account

Old charge paid charge off from 2003. Fell off of TU already
2 30 days lates from 2007 due to change of back info.

NAy opinions. Thank You
Icon Mini Profile apple8520





Joined: 02 Nov 2009

Posts: 3

1.38 Dollars($)
Post Posted: Mon Nov 02, 2009 12:17 am    Post subject:
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VA loan on current house. Using the rest of my entitlements on another house. Current house is for sale. Assuming I do not sell my current house in time will I be able to be approve(i know there are not definate answers just looking for opinion) for the second home. Army required me to move. Here are the facts

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