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Updated 11 months ago,

User Stats

5
Posts
2
Votes
Miguel Vazquez
Pro Member
2
Votes |
5
Posts

Private money loan for a primary home

Miguel Vazquez
Pro Member
Posted

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.

  • Miguel Vazquez
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