Thank you for your service.
As long as you have enough entitlement left under the bonus or 2nd tier entitlement, you should be able to get a new VA mortgage without a down payment.
The other great thing about going with a VA mortgage is it allows me to count the rental income from your other property to offset that mortgage payment and that's going to lower your debt ratios. The ability to count the rental income comes down to whether or not a lender follows the VA guidelines or do they add their own requirements or overlays to them. In my case we follow the VA guidelines. The other
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank