Updated over 9 years ago on . Most recent reply
VA Loan with no income
Looking to hear from those who have experiences using a VA loan.
Quick run down of my situation: I am currently transitioning from military to college so in a few months I will not have an income. I will be using my GI Bill for college and be receiving income from the GI Bill. I want to purchase a multi-unit property and live in one of the units.
From your experiences, what are the chances I will get approved for a VA loan with zero income from employment with the exception of money from my GI Bill? I have not spoken to lenders.
Will rental income from the other units be able to qualify as my income? What lenders did you work through and recommend?