Based on a value of $165k, 75% LTV would make your new loan amount $123,750.

Always better to do each loan solo.

I already used up my VA loan on two properties in Washington state.

@Kevin Rodriguezif you take out an owner occupant loan, then you do; talk to your loan officer for more details.

When I was stationed in Northern VA, high costs had me stuck until I sold my Corvette to meet my DTI ratio and get a condo using my VA Jumbo LOan—one of my best investments.

So the loan for the rental shows as a debt but the income is not reported to the bank where we are trying to get the new loan.

of course this is a correct description but lets talk a bout reality.very few loans for most investors will be non recourse unless they are very large loans but the average under 1mil loan 97% of the time will be full recourse unless the lender is not ready for prime time.

The terms on the loan may not be in your best interest. 

Unlike traditional bank loans, private lenders offer quicker approval, fewer requirements, and the ability to customize loan terms to fit the project.

I think it's just brokering loans to them.