Dynamic loading causes (1) a substantial change in the strength and deformation parameters of sandy soil and (2) excessive viscoplastic deformation. The goal of this study is to create a new analytical solution to the problem of the settlement of (1) the foundation that is the source of dynamic loading, and (2) a nearby foundation, taking into account the rheological properties of sandy soil subjected to vibration, given that these rheological properties depend on shear stresses. The proposed solution allows the progress of deformation over time to be described. The present paper states and provides an analytical solution for the problem of evaluating the settlement of a single foundation that transmits static and dynamic harmonic pressure to the base. The authors also analyze the settlement of another foundation located at some distance from the transmitting foundation. The second foundation transmits static pressure to the base. The dependence of the viscosity coefficient on the shear stress intensity and vibration intensity, as well as the vibrocreep decay over time, are based on the exponential and homographic dependencies previously identified by two of the authors (A.Z. Ter-Martirosyan and E.S. Sobolev). The solution to the problem is obtained by numerical integration in the Mathcad program of an analytical expression for nonlinear viscoplastic deformations. As a result of the research, the authors have found that the dynamic viscoplastic component makes the greatest contribution to foundation settlement. The settlement of the transmitting foundation increases along with increasing static and dynamic pressure transmitted to the base. The settlement of the nearby foundation increases when the pressure increases under the foundation, but it reduces when static pressure from the transmitting foundation, the depth of the foundation, and the distance between the foundations increase. General analytical dependencies obtained by the authors comply with the results of laboratory and field experiments performed by other researchers. These dependencies can be used to predict the settlement of foundations in whose unsaturated sandy bases mechanical vibrations propagate.