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View Full Version : Can I use a VA loan as a consolidation loan



junkieguru
09-28-09, 01:33 AM
Ive looked around for answers run it up and down the chain of command and not even the VA could give me a consistent answer. Can a VA loan be used to consolidate.

I have 4 student loans with different percentage rates/ minimum payments totaling 35,000 and I'd like them under one roof. None of the places have quite the same benefits of a VA loan if I consolidate through them. Help would be nice since I'd like to pay this off cheaper than otherwise with some deployment money.

oldtop
09-28-09, 09:19 AM
No

NoRemorse
09-28-09, 09:25 AM
Ditto. Try your credit union.

DocGreek
09-29-09, 07:53 AM
SORRY!....The V.A. does not lend money!! They just guarantee that, as a VET...you'll pay, or they'll make a barracks out of your home!!! They do NOT support unsecured loans!
GOOD LUCK!!....Doc:D