Damn, that is screwed up. I use VA loans as well and have never been denied. You should try a credit union rather than a bank. Also, find out why they denied you.

Find a much cheaper "starter home" where you can build up some equity and credit. Do you have enough in savings to cover 6 months of rent in case one of you is injured and loses their job? If not, you may have a tough time getting a loan. Pick a small one-bedroom house (or as small as you can manage for your household). Aim for a decent neighborhood, and put your extra furniture in storage. Get a couple years of good payment history behind you, and then try again! Good luck!!

I've never had any problems with getting my VA loans. Try to find out why the said no. Try a loan thru USAA. I got a home loan thru Mr. Cooper. 2% interest. I really hope you get your home. Renting sucks

You do realize that when you get you home. You have to invite us all over for a house warming party.

There must be some disgusting stain on your credit score. How well do you know your husband?

Sorry to hear that OP, check your credit history. Surely they gave you a reason for the denial. Also, with the market being volatile banks may be less eager to lend. Could just be a matter of timing.

Try different lender. More than likely the VA didn't turn you down the lender did, for whatever reason they decided. I had one lender the drag me around for almost 4 months saying he couldn't get my loan financed, then went to another and closed 27 days later.

Not necessarily. If you fail to pay the rent it is not bank's problem. If you fail to pay the mortgage it is. Besides being a home owner creates more expenses than just the rent. You are responsible for taxes, repaires etc.

Well, since you don't see the difference between you being expected to pay $1400/month of your own money per month and asking someone to put up the total amount of a mortgage and hope you will have $1000/month for 20-30 years...I'm with the bank. There's a BIG differnece between "they manage to pay this month every month" and "they want me to loan them hundreds of thousands of dollars for a decade or two and slowly pay me back." The risk is way, way different. It sucks, but they really are different things. Mortgage is not rent, and it has a whoooole different list of rules.

re-apply right away so they know your serious, use more information if you can. im 23 and just got my first house and they denied the mortgage the first time.just re-apply and pressure them.