The property's value is worth more than you are purchasing it for. Therefore, you have more equity in the house. In terms of the mortgage approval, it doesn't change anything. Mortgage lenders use the lower of the contract price or appraised value when calculating loan to value.
Yes. The Veterans Administration does not limit the number of VA mortgages a Active Duty, Veteran, National Gurad or Surviving Spouce may have. The only restriction to the number of mortgages is the amount of entitlement left for the borrower to use.
Switching a job or employer is not a dead end to your mortgage. The main concern will be the type of income that you currently make vs. how you will be paid in the future.
