Applying for a loan with the VA

Here are the actual VA guidelines for this.e. OccupancyAfterRetirementIf the veteran states that he or she will retire within 12 months and wants aloan to purchase a home in the retirement location:o Verify the veteran's eligibility for retirement on the specified date.- Include a copy of the veteran's application for retirement submitted to hisor her employer.o Carefully consider the applicant's income after retirement.- If retirement income alone is insufficient, obtain firm commitments froman employer that meet the usual stability of income requirements.Note: Only retirement on a specific date within 12 months qualifies.Retirement "within the next few years" or "in the near future" is notsufficient. | John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |

Hi Sblack John Burke beat me to it. I would only add that if you love the house and you do not meet these guidelines you could look at buying it as a rental, and then using your VA refinance and get your cash back after you move in. You can get a 100% cash out refi on VA.

Hi, as your local Minnesota based VA lender, with an office in St Paul, I can tell you that you CAN do what you are asking. There are a few special requirements, that John has already answered directly out of the VA lenders manual. If you meet those requirements, we can help. You can find me at VAMortgageMN.com or (651) 552-3681. | Cambria Mortgage | NMLS 274132 | Equal Housing Lender |