Posted by Tim (Atlanta) on April 20, 1999 at 06:52:13:
Since your wife is in the Army, you can get a loan from the VA for no money down on a property you intend to occupy. You can only have one of these owner-occupied mortgages at a time.
They will loan money to investors, but only if you are buying one of their VA repossessed homes. These homes have been repossessed from the original owners because they did not pay the mortgage. You will have to look long and hard at these homes, a bargain is hard to find. Normally these VA repos are bid at or above the fair market value.