I am a veteran and want to use my VA Eligibility. Will I qualify to purchase a New VA Home if I only recently started my civilian job?

Generally, employment less than 12 months is not considered stable and reliable. However, it may be considered stable and reliable if the individual facts warrant such a conclusion. The underwriter must carefully consider:

(1) the employer's evaluation of the probability of continued employment, if provided. (2) assess whether the applicant's training and/or education equipped him or her with particular skills that relate directly to the duties of his/her current position. This generally applies to skilled positions. Examples include nurse, medical technician, lawyer, paralegal, and computer systems analyst.

If the probability of continued employment is high based on these factors, then the lender may give favorable consideration to including the income in total effective income. An explanation of why income of less than 12 months duration was used must accompany the loan submission.

If the probability of continued employment is good, but not as well supported, the lender may still consider the income if the applicant has been employed at least six months to partially offset debts of 10 to 24 months duration.

The underwriter must determine the amount which can be used, based on such factors as: 1) the employer's evaluation of the probability of continued employment, if provided. 2) the length of employment (for example, ten months versus six months). 3) include an explanation with the loan submission.

We ask that all applicants fully describe their work, previous experience in directly related fields, any related education, the length of time for any internships and their overall education levels.