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Updated over 9 years ago on .

User Stats

171
Posts
98
Votes
Eric Giovannucci
  • Investor
  • Boise, ID
98
Votes |
171
Posts

Can I use private money?

Eric Giovannucci
  • Investor
  • Boise, ID
Posted

Hello all,

I have been using my VA loan to "house hack" each duty station I have been in and have two current VA loans with one scheduled to close on my selling on the 14th of December.

I am trying to place an offer on a new property and have hit a snag. The new county I am moving too has a lower limit and will not allow me to purchase the property with a significant down payment. 

I am looking for a 30k loan to put towards closing and down payment of a live in flip I am attempting to purchase. I am maxed out on my va entitlement and need to put 25% of the difference down on this property in order to fall within VA guidelines. Thank you for your time!

The house is a 4/3 1850(est)SF in Vacaville, CA 95688.

I have been pre-approved through a conventional lender for the loan.