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VA Loan

I am retired military and have never used my VA Loan benefits. I own a home currently (not BA financed) and am moving for a new job. I want to use the VA Loan for the house I’m buying in the new city. However, My loan officer told me I could not use my VA Loan if I am selling a house. I need the proceeds from the sale of my current home to assist with the down payment on the new home. So if what she is saying is true, I’m in quite a bind. I’d have to find a way to come up with the DP, close on the new house. THEN sell the current one. It makes no sense to me.

I’ve had multiple friends tell me I’m getting bad information.

Does anyone know if she is misinformed? Can I list my current house while also pursing a VA loan on a new home?

submitted by /u/Greedy-Confusion-501
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1i2myg0/va_loan/
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