Howtomilitary

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Replying to @Amg3 My top 3 over arching thoughts on this. While not directly speaking about maintenance, I am more speaking on the environment you will be around. #maintenance #military #enviroment #howitis #fyp

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Tipping in America is crazy #tip #tips #culture #really #fyp

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So let’s break down how this actually works. Step 1 - Buy your first home with the VA home loan. Step 2 - Live it that home for a minimum of 12 months as that is required by you using the VA home loan. You can only use the VA home loan to purchase a primary residence. Step 3 - You PCS or need a bigger house etc. Use the VA home loan again to purchase the 2nd home and keep the first one to rent out. LARGE NOTE ON STEP 3 - To do step 3 you have to qualify “have enough money / income to afford 2 homes. Rental income does count has monthly income towards your buying power, but the VA is still going to pay attention to your debt to income ratio. Below 40% DTI ratio is best. - On top of this, most county caps are $800,000 for the VA home loan. If you go over that amount you will have to bring 25% of how over much you went over to closing. Example- Home 1 was $400k Home 2 was $600k You are $200,000 over county cap. To still use the VA home loan you need a downpayment of $50,000 + closing cost. #va #military #howto #fyp #foryoupage