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"Miklus says she and her fiance, a military veteran, are eligible for a $400,000 VA loan, which requires little or no down."
“If we were to start looking, I wouldn’t even know where to start,†Miklus said. “Maybe get a second or third job?..."
So let me get this straight. The VA approved these two for a 400k loan with little to nothing down. And when they default the loan belongs to you and me? This puppy is going to blow sky high and soon.
http://www.signonsandiego.com/news/2011/may/14/do-san-diegans-still-believe-american-dream/