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Updated over 9 years ago on . Most recent reply

User Stats

29
Posts
3
Votes
Jarrod Rayner
  • Beaufort, SC
3
Votes |
29
Posts

Active Military with orders and a DTI problem

Jarrod Rayner
  • Beaufort, SC
Posted

So, I'm active duty stationed in Washington DC. I bought a house in N. Virginia for $271k last July. I recieved orders to Beaufort, SC yesterday and have to report in 45 days (I think August 15th) . My plan had been to buy a house at every duty station and hold them. Obviously I would like to buy another house in South Carolina, The problem is my debt to income ratio will be far over 60%. I don't think the Virginia house rental income will count towards DTI or at least I don't know how to make that happen. I thought about entering into a lease option and using a VA loan when it's time to buy. I don't know where to find lease options but I don't even know if that would work either since I was'nt expecting to move and don't have the down payment now. Suggestions?

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