Getting a VA Loan with Veteran spouse with bad credit
11-10-2012 09:21 PM
Hello experts, Here is my scenario can be a little complicated. I sold my home in a short sale in December 2009 which will be three years in December 2012. I can get the FHA loan but dont like the idea of PMI insurance which can be up to $200 on a $250K loan. I am also willing to put down 20% My wife is a veteran but has bad credit, not sure how soon it can be fixed. With interest rates being low, waiting 6 months to fix can be a bad idea. Can i co-sign with my wife and get a VA loan?