Comments on: Can you use a second mortgage as a downpayment on a VA loan? http://24hourmortgageinfo.com/va-mortgage/can-you-use-a-second-mortgage-as-a-downpayment-on-a-va-loan Mortgage Information When You Need It 24 Hours A Day Sat, 29 Nov 2008 14:54:59 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: mycornerofbrickheaven http://24hourmortgageinfo.com/va-mortgage/can-you-use-a-second-mortgage-as-a-downpayment-on-a-va-loan/comment-page-1#comment-696 mycornerofbrickheaven Sat, 05 May 2007 22:51:04 +0000 http://24hourmortgageinfo.com/va-mortgage/can-you-use-a-second-mortgage-as-a-downpayment-on-a-va-loan#comment-696 Ask a mortgage loan officer to be sure but I don't think you can. One of the documents you sign at closing states that you haven't borrowed any money for your downpayment or closing costs..<br><b>References : </b><br>12 years in real estate sales Ask a mortgage loan officer to be sure but I don't think you can. One of the documents you sign at closing states that you haven't borrowed any money for your downpayment or closing costs..
References :
12 years in real estate sales

]]> By: supersafetyman123 http://24hourmortgageinfo.com/va-mortgage/can-you-use-a-second-mortgage-as-a-downpayment-on-a-va-loan/comment-page-1#comment-695 supersafetyman123 Sat, 05 May 2007 17:26:49 +0000 http://24hourmortgageinfo.com/va-mortgage/can-you-use-a-second-mortgage-as-a-downpayment-on-a-va-loan#comment-695 I do not believe so. When I was in Real Estate school, what I remembered about VA loans, is that in order for the VA loan to qualify, the appraisal of the home had to be under the VA ceiling. I'm not 100% sure, but I believe that the appraisal is the key. Best to find a local Realtor that has experience in VA loans. Most will tell you they can handle any type of loan, because they want your business. You will need PROOF that the Realtor has completed more than a few VA loans, and then go with him/her.<br><b>References : </b><br> I do not believe so. When I was in Real Estate school, what I remembered about VA loans, is that in order for the VA loan to qualify, the appraisal of the home had to be under the VA ceiling. I'm not 100% sure, but I believe that the appraisal is the key.

Best to find a local Realtor that has experience in VA loans. Most will tell you they can handle any type of loan, because they want your business. You will need PROOF that the Realtor has completed more than a few VA loans, and then go with him/her.
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