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Today's Wacky World of Getting a Home Loan Part 2 Bellingham WA

By
Managing Real Estate Broker with Keller Williams Western Realty Lic #23590

Intro:

My purpose here is not so much of a rant but just to put some of the whacky recent experiences I've been involved with in helping my clients navigate their way to successful closings on purchases involving loans. My underlying motivation is that others will write their own experiences and while I understand it's a long shot - perhaps some common sense will return to the lending industry.

Here's my second Whacky real life scenario. I have a VA loan buyer that is receiving VA housing benefits while he's in college. However, VA will not accept their own VA housing benefits as income to help qualify him for a VA loan. The VA's answer to his question of "why not? - I can use the money for rent or whatever housing needs I have - why not a mortgage payment??" is "you might drop out of school....." (like no one ever quits a job...).  How Wacked is that??

 

Posted by

Dan & Laurie
Pittsenbarger Team
Managing Broker - Keller Williams Bellingham

360-739-5857  | dan@pittsenbargerteam.com

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