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Updated almost 8 years ago,
Is buying a house while receiving Medicaid possible?
Hey there, first time caller, longtime listener here.
I have a tricky question regarding medicaid. My father wants to help me build my business by getting a VA loan with me (he's a vet, Im not) and we will have a tenants in common ownership that will transfer the ownership to me in his will.
The tricky part is that he has transitioned into an assisted living home and just had to go onto medicaid. We've gone through the process of depleting his assets and all that. Does anyone know if its still possible for him to get a VA loan without it jeopardizing the medicaid. To make things slightly more complicated, he lives in WV and I live in PA and will be purchasing the house in PA.
Thanks for any advise!