It's not about co-signing. Even in a co-sign situation the primary occupant has to qualify for 100% of the loan.
There is a Cal-Vet program. It allows for gift monies, higher purchase prices than regular VA and low interest rates. I have a great lender in San Jose if you need the hook up.
Rebekah Owen, MBA
Good luck & thank you for your service, sir!
Roswell Moore, CMPS
Certified Mortgage Planner
I would first like to also thank you for your service and sacrifice! If your wife's parents income and residence is still based in Germany, they can not be of any assistance to you. There's no way for a US lender to verify or collateralize their income or assets. But, as some of the other loan officers have stated, you may still be able to find financing to fit your needs. You need to call someone for a full consultation. I'm available if you like.
Toll Free: 800-891-5785 Ext: 4623
Bank of America Home Loans
San Diego, Ca.
Below is a house price prediction site.
Down in the Silicon Valley, San Jose neighborhoods won't due as well forecast to experience average housing deflation of 8.9% in 2010.
California has massive foreclosures to come through 2012. It could be a year or more to clear them all out once they arrive. That could be 2013.
Below is a heat map, a graphical way of looking at foreclosures for Jan. 2010.
Would it make more sense to rent for awhile? Below shows how to look at your numbers.