Looking for someone reliable that I can refer a client to. This is for a VA transaction between 95%and 100%.

The hitch is I need to be able to pay revolving debt off with this mortgage to get to 38% on the ratio. We still count the payment against the ratio even if these revolving accounts are paid off to $0 at close, which pushes my ratio over 55%.

This scenario gets a DU approve.

Need someone who can process a VA and will not run into a similar issue...

Thanks,

Jason

Doing a VA loan is no problem and the debts can be paid off to the benefit of the ratios. However, VA loans are now limited to 90% cash out. 

If that helps you give a reply.  Thanks

Tom

I should not have listed it as cash out. It is paying off a purchase money 2nd so it would be rate and term.

Thanks,

Jason

Well, that is a pretty difficult situation there and you definitely need to find that right person that will be able to handle this. To be committed to fulfilling the needed processes as we aren't talking about chump change here, a Columbus real estate agent friend of mine actually gave me some advice about this in the past.