Quantcast

A VA approved lender; Mortgage Research Center, LLC – NMLS #1907. Not affiliated with any government agency. Not available in AZ, IL, MN, NV, or NY.

When the VA automatic underwriter analyzes credit for a VA loan borrower, they do take into consideration the whole picture. Even if your debt-to-income ratio exceeds the maximum ratio of 41%, the VA gas a residual income guideline that can allow approval.

Get a VA Home Loan quote today

Start My VA Loan

NMLS #1907 | Equal Housing Lender | VA Approved Lender; Not a government agency
Not available in AZ, IL, MN, NV, or NY

VA Mortgage Debt-to-Income Ratios

VA Loan Guidelines

According to VA guidelines, borrowers and / or their spouse must qualify according to set debt ratios which are used to determine whether the borrower can reasonably be expected to meet the expenses involved with home ownership.

TOTAL FIXED PAYMENT TO EFFECTIVE INCOME

Add up the total mortgage payment (principal and interest, escrow deposits for taxes, hazard insurance, homeowners' dues, etc.) and all recurring monthly revolving and installment debt (car loans, personal loans, student loans, credit cards, etc.). Then, take that amount and divide it by the gross monthly income. The maximum ratio to qualify is 41%. In the event the number exceeds the 41%, the VA has a residual income guideline which can allow approval, yet are not considered a compensating factor.

VA LOAN ARTICLES

Read About Veteran Mortgage News, Updates, and Guidelines
--> VA Loan Benefits for the Spouse Alone?

In general, VA loan rules that cover VA loan eligibility for a new purchase have specific guidelines for active duty, members of the Guard and Reserve, as well as regulations that address VA loan eligibility for military spouses in two separate categories

--> What Is The DD214? - VALoans.com

When military members out-process as part of retirement or separation, getting the DD214 is one of the last things to happen. Your DD214 is needed for a VA loan.

--> Which VA Refinancing Loans Require Occupancy?

VA Refinancing Loans have their own set of rules concerning occupancy and refinancing. Learn these rules so you are ready when it is time to refinance the mortgage.

--> VA Loans for Guard/Reserve Members

Are you a member of the National Guard or are a Reservist interested in using your VA home loan benefits? Do you know what the basic eligibility requirements for using your VA loan benefits are?

--> VA Benefit Updates for Same Sex Couples and Joint Loans

This update to VA home loan rules includes a warning for same-sex married couples who may be eligible for VA mortgage loans. Since not all states recognize same-sex marriages, VA loan procedures and requirements may depend on the location of the borrower.