So we put an offer in (VA loan) on a house with navy fed on July 1st. A bunch of repairs and setbacks happened on the sellers end. We'll we was supposed to close Friday 8/30. I entered the PEB process a few weeks ago. Navy fed called and said the funding fee was being waived now (awsome! We thought). Because the VA reported I was entitled to disability once the process was over and I get ratings during the MEB. Navy fed calls on closing day saying they need answers from the VA and may not be able to close because of this. So our next closing date is 9/4. Am I still good? I've not been found unfit for duty, only making appointments, and definitely no where near having a rating. My ETS date is 2027. I've referenced the VA loan handbook, but not really finding a reason to be denied or what they need to do in this situation. I've called the VA loan representative for my region. We've been in this process since July…and we desperately need to move..any tips or help is greatly appreciated, we're a family of 6 and currently live on post, but we are supposed to be out by this week..after extending 2 times.

    VA LOAN HELP. Closing extended..
    byu/Spcray119 inMilitaryFinance



    Posted by Spcray119

    1 Comment

    1. PacManVAwholesaler on

      Did you got approved for VA disability via PEB and are now getting discharged within 12 months?

      The VA’s 26-7 pamphlet (VA mortgage bible and guidelines) will require the underwriter to disqualify your qualifying base income and allowances for the purchase despite your old ETS date being in 2027. Anything within 12 months of separation will not allow VA underwriters to use base salary and allowances as qualifying income on a VA purchase or cash out refi.

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