An active-duty soldier who was being transferred from Kentucky to Florida and was twice denied for a loan guaranteed by the Department of Veterans Affairs was saved by a veteran who is a mortgage branch manager.
Anthony Simme is an active duty special operations soldier in Fort Campbell, Kentucky. He recently was transferred 500 miles away to Florida. He and his wife signed a contract to buy a home and applied for a VA mortgage.
After his loan had been in process two months — on the day they were supposed to close — he was advised by his lender that he was turned down due to his debt-to-income ratio.
Source: Mortgage Daily