VA Update on Non-Medical Collections: What Changed for Veterans If you have unpaid va collection accounts’ on your credit report, this VA underwriting update may change what you qualify for. VA recently clarified how lenders must treat non-medical collection accounts when they calculate debt-to-income (DTI) and residual income. The change is in VA Lender’s Handbook, […]
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We now have a VA Renovation Mortgage Available! Now you can renovate your home with the benefits of a VA Renovation Mortgage. Do you have a home in need of minor repairs or updates but no cash on – hand? The VA Renovation Mortgage is designed to help Veterans & the men & women who […]
Are you a Veteran looking to buy a home with a VA loan? Exciting news! The Department of Veterans Affairs (VA) has released updated underwriting guidelines for unreimbursed business expenses, effective June 1, 2016. These changes make it easier for Veterans—especially those earning commission income—to qualify for a VA loan. Let’s break down what this […]
VA Underwriting Guidelines Regarding Student Loans! The clarification will apply to Deferred Student Loans and the new policy will provide guidance for Student Loans in repayment or, to begin repayment within 12 months of a VA Loan closing. Student Loans under certain repayment plan types are described at studentaid.ed.gov. This policy applies to all Student […]
VA Cuts County Loan Limits For Mulit-Unit Properties in 2017! VA Guaranty Is Based On The One-Unit Limit For 2017 Click Here to check the loan limit in your county. While a Veteran may use the VA Mortgage to acquire a property up to 4-units in size, VA’s County Loan Limit amount will […]
