Buying a house while DH is activated
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|Mon, 04-07-2003 - 3:19pm|
I have a question for any of you ladies that might have been in this situtation.
My DH is in the marine corp reseves and last month he was activated for about a year. In the meantime, we are also on the market to buy our first house.
My question is his Marine Corp pay is very, very, very low compared to his civilian job. I do know that if he was not activated we would qualify (based on our gross income) for the loan since it is a HUGH chuck of change. But since he will be on his marine corp pay for next year's W-2, I don't know if they will take his civilian pay into consideration, and without his civilian pay, we cannot qualify for the mortage loan. On top of that our financial advisor has indicated that the VA-HUD loan would not help us at all-- mainly because the large amount the loan will be.
So my question is did any of you have to go through this? and if so, did your mortage company take the civilian pay into consideration? What have been your experiences.