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Updated about 2 years ago,
Need solutions to a unique financing situation
Hello a unique situation with timing of trying to get pre-approved for a loan and looking for a solution to this problem. I am looking to buy my first property (single family that can easily be converted into a duplex to house hack which is my plan) I am in the military and am deploying in April and can use my deployment orders to move my wife to her home of residence which is back in Oregon. This way I can use a VA loan there. The problem is I don't have 12 months of retainability so I can not use my income and she is still job searching (plus about 2/3 of our potential income is what I make). I attempted to go the FHA route as well but ran into a similar problem because my date of separation is on the LES and the FHA will not qualify as such. We are currently waiting for some of her interviews to go through to use her income to pre-qualify with a letter of intent but that could take a while and we would like to make an offer on this property because the area is rural and there are not many house hacking opportunities there. Trying to look into a lease to own or something similar but do not know enough about it or if there are any other options.
Thank you in advance for taking the time to read this post!