Posted by Chris[FL] on April 23, 2002 at 16:20:21:
The VA loan isn’t a benefit unless you have good credit. Also, you can’t use VA benefit to buy investment property.
Va Loans&bad credit - Posted by robert n.
Posted by robert n. on April 23, 2002 at 01:06:03:
I have horrible credit(bankruptcy,divorce,late payments)but have the benifit of a va loan.Me and my new wife are making payments to inlaws(who want house in our name).I would like to use equity in house and/or va loan to either pay our house off or to use for investment property.we (inlaws)have about 16,000 in equity.Does anyone have any suggestions on the best way to go? we live in a middle income neighborhood where comp for 3bdr1bath go for about 70,000