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A Curious User
2 years ago
I have been paying on my VA loan for three years now and want to add a pool. The pool company has referred me to several lenders that originate 2nd liens. Will a VA lender allow this type of financing?
 
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Best Expert Answer
Jerald Reichstein... Answered 4 more questions
a year ago
According to Chapter 9 of the VA Lender's Handbook it may be possible to get a second mortgage on a home purchased with a VA loan under the right conditions. In all cases the lender of the second mortgage would hav to subordinate that debt, which means that the first loan is in the first position should a foreclosure take place. Very few VA lenders are willing to do these second loans even if there is proper equity in the home.
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A Curious User
2 years ago
I am a retired veteran and found a single family home that I'd like to buy using my eligibility. The listing agent told me that the property for sale sits on 12 acres of land. I have been informed that the VA guidelines would allow me to do this with VA financing. Does anyone know for sure if this is allowed?
I am a retired veteran and found a single family home that I'd like to buy using my eligibility. The listing agent told me that the property for sale sits on 12 acres of land. I have been informed that the VA guidelines would allow me to do this... (more)
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A Curious User
2 years ago
I'm shopping around for hurricane coverage for my VA home loan. My agent is asking me if I want a 2%, 3%, 5%, or higher amount of deductible. I would like to know what is acceptible.
I'm shopping around for hurricane coverage for my VA home loan. My agent is asking me if I want a 2%, 3%, 5%, or higher amount of deductible. I would like to know what is acceptible.
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A Curious User
2 years ago
I am an eligible veteran and want to purchase a home in Georgia. I am currently overseas working for a military contractor and want to buy a home where my wife and children currently live. I read that the VA requires the home be owner occupied and wanted to know if there were any exceptions to this rule for family members.
I am an eligible veteran and want to purchase a home in Georgia. I am currently overseas working for a military contractor and want to buy a home where my wife and children currently live. I read that the VA requires the home be owner occupied and... (more)
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A Curious User
2 years ago
My husband died from a service connected disability and I'm currently looking to purchase a home. I want to know if I am eligible to use his VA home loan benefits.
My husband died from a service connected disability and I'm currently looking to purchase a home. I want to know if I am eligible to use his VA home loan benefits.
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A Curious User
2 years ago
My wife and I are interested in purchasing a condo unit we have had our eyes on for some time. We want to know if a website exists with up to date information to see if the condominium complex is VA approved.
My wife and I are interested in purchasing a condo unit we have had our eyes on for some time. We want to know if a website exists with up to date information to see if the condominium complex is VA approved.
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