Need a VA Lender in Los Angeles

[Chris Tryling]

Hi! And thanks for reading!

My wife and I need a lender who can work with us to purchase a primary residence in the San Fernando Valley where we currently rent an apartment. We would like an experienced VA lender. We have a "primary residence" mortgage in another state but have been using this property for short term room rentals and have all the expenses and revenues of that property going through one of our LLC's. We are looking for some creative ways to offload/not-show this mortgage/debt to maximize our potential here in the valley.

If you've recently worked with someone in this area on a VA loan, please advise us.

OR, if you are a lender who is competent in VA lending, then kindly sell yourself to us.

[Priscilla Swantner]

Hi Chris! I have a VA lender I can send you in LA. However, VA is a full doc loan, meaning you will have to provide the last 2 years of tax returns and your LLC will show your other rental income. There's no way to hide that other property from a VA underwriter unless you are not the owner of the LLC and therefore not reported on your tax returns.

Are you trying to avoid showing that expense because the income isn't high enough?