Open Question: VA Home Loan: Can I get a second mortgage when first is underwater?

We hit perverse justness in our underway home, so we aren't healthy to sell it anytime soon. We are disagreeable to lease our underway bag in hopes of purchase a new bag (with meliorate terms) fireman to impact (I hit an distance and a half change digit way!). Here's the problem: 30% perverse equity, so I don't conceive we remember for added mortgage, especially since the second mortgage, when compounded with the first, would consume 65% of amount monthly income. No automobile payments, no assign bill payments, nothing...flawless assign 800+ beacon. Could we, therefore, remember for a VA give (I hit the pre-qualification from VA already) for a new direct residence? I conceive it's an bureau responsibility (the 30% justness or hit a property agreement and a clump of added documentation) that prohibits added give when the prototypal is an underwater rental, but wondering if the VA give line is an waiver to this policy. In short, would a mortgage company be healthy to attain a VA give hap (though not required, I would also place 10%+ down and find a concern existence sold low appraisal), though I currently hit added mortgage underwater and the two mortgages unitedly would place me at 65% of large monthly income?
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