New PCS Orders Can KILL Your VA Loan

When facing a sudden Permanent Change of Station (PCS) during a home purchase, it is important to understand your protections and options. Here is a brief overview:

• A change in military orders does not mean your VA loan is automatically canceled, but specific rules regarding occupancy and financial protection will apply.
• Your primary safeguard for your earnest money deposit is a properly written military clause within your purchase contract, which can prevent forfeiture.
• It may be possible for the home purchase to continue if your spouse can fulfill the VA's primary residence requirements on your behalf.

Read the full blog article here: https://www.iqratemortgages.com/blog/how-pcs-orders-affect-your-san-diego-va-loan-mid-purchase