The lending laws/rules have been changing over the years especially after the housing bubble bust. I would suggest to start working with a lender and working toward to get qualified. I do have a couple of good lenders and would be glad to forward you their names and contact info. Once you are on a right track to be qualified, interview and select a good buyer agent with a good knowledge about this area and the local real estate market.
Love to earn the opportunity to work with you,
To answer your question, I have a friend who retired out of the Merchant Marine and used his pension to qualify for his home. His wife also had a pension from teaching so I'm sure that helped. As has been stated, your best bet is to get up with a lender and have them run some numbers for you. I can suggest a good local lender I have been dealing with almost exclusively since I got into real estate in 1994. As a matter of fact, she just helped my oldest son and his wife purchase their first home via a VA loan. Her name is Natalya Hill and she can be reached at 919-614-0388 or via e-mail at email@example.com . In the meanwhile, if you would like to learn more about the Raleigh area, please visit my website at http://www.RaleighHomeSite.com . I have lots of links to as much information as I could find about the area.
Naturally, I am assuming that you and your husband should use his VA Entitlement (If you haven't already used it or if you have-- you've satisfactorily used it to the point that there's a significant portion that's re-usable) since it's THE BEST loan option available to any veteran that qualifies for and has undoubtedly earned it.
Call or email me your questions as I'd be happy to help you become approved. You can apply securely online, complete your pre-approval, generate your pre-approval letter and submit your qualifying offer to one of these helpful Realtors the same day!
BTW, please do thank your husband for his service to our country! Also through Navy Federal your husband can get cash back after closing when using a prefered agent..Call me at 919-610-5203 for more information on the cash back program.
James Oksen Jr
Please let me know if I can offer you my
Help or recommend a mortgage specialist in this area I would be honored to help you in this process. Call email or text me!
Have a great day!
My wife, Erin, and I are both Realtors (and I'm an ex-navy vet) and we would be delighted to assist you. Please call or email us: (919) 624-6726 or firstname.lastname@example.org
You're gonna' love Raleigh!