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Updated about 1 year ago on . Most recent reply
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Private money loan for a primary home
Hello,
I was talking to a Marine that is going to retire in the next 3-months. He found a home that he loves in Texas but can't get approved for a VA loan because he only has his pension as income. He has a good job lined up but won't get the offer letter until May.
This is a 20+ year veteran with plenty of savings and a solid financial plan.
Is there a way to use private money or a bridge loan to allow him to buy the house and refinance after his retirement when his finances have settled?
Thank you in advance for any advice.