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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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 […]
UPDATE MAY 3, 2017 Can You Get A VA Mortgage With An Open CAIVRS Report? Yes you can, depending on why you’re in the system. Call me at (877)228-9069 for more information or help. If you have applied for a VA Mortgage and had your loan denied because of the CAIVRS report you probably wondered why and […]
UPDATE SEPTEMBER 1, 2016 Can You Get A VA Mortgage With An Open CAIVRS Report? Yes you can, depending on why you’re in the system. Call me at (877)228-9069 for more information or help. If you have applied for a VA Mortgage and had your loan denied because of the CAIVRS report you probably wondered […]
