Quantcast
Learn About Homeownership:
QuestionsCompaniesPeople
Few decisions are more important than how to pay for or maintain your home. Question Big can help you stay smart and avoid mistakes.
1.9k
Views
1
Answer
0
Likes
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?
 
Answer this question:

Please log in to submit an answer.

Best Expert Answer
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.
Military Rates
Military Rates provides U.S. servicemembers with current pay charts, housing allowances, and news.
Visit our website
Best Expert
Answer
Ask a Question
 


Choose up to 5 tags (e.g. FHA loan). We'll recommend some, but you can change them if you want.
Thank you!
Please check the email address you registered with for your account confirmation. Then click the activation link to get started.
Question Big is a community of consumers and professionals sharing experiences, knowledge and advice.
Report Content
I'm reporting this because I think it is:
Report User
I'm reporting this user because I think the user is:
Report Company
I'm reporting this company because I think the company is:
Thank you!
Our team will review the content you reported and will take appropriate actions. We appreciate your contribution to the Question Big community.