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Updated about 4 years ago,
Looking to save a deal in Long Beach, CA
I have a VA Loan that was approved by underwriting with Quicken Loans using my military salary (I'm a reservist currently deployed). I'm currently in escrow, two weeks away from closing and Quicken has notified me they will instead need to use my teaching salary (that's my civilian job that I will return to when I get back from the deployment this fall).
I earn $25,000 more per year while deployed than when teaching, so this obviously poses a debt to income ratio issue.
I'm looking for a way to save the deal on this duplex fixer for me and my wife.
I have an investment property in Philadelphia but I'm not interested in selling it. It would be unwise to sell it given it's cash flow.
Lender open to flexible debt to income ratio is likely my only hope. But I'm not sure.