Originally Posted by
flalaw97
Congratulations on your retirement! I am still a few years away so I can't answer your question about the VA loan but I am curious why you aren't going to buy the new home contingent on the sale of your current home? With the housing market being a seller's market and since you are planning on using the proceeds from the sale towards the new home anyway, I think it would be easier (banking wise) to do them together. Until you have a demonstrated income stream again (pension, social security and TSP withdrawals) I think the bank will be hesitant to loan more (especially if you are still making mortgage payments on your current home). I agree with evilanne's recommendation to talk to a lender and find out what factors they will be looking at.
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