Court ordered child support payments have a direct impact on your VA loan eligibility. If you are delinquent on your payments, you will have to bring yourself current in order to qualify for the loan. In addition, the current court ordered payments will become a part of your calculated debt-to-income ratio. Getting Current on your […]
Using Rental Income for VA Loan Qualification
Rental income is one of those iffy types of income. Some loan programs allow it at its full value; others discount it; and yet others just don’t allow it. Luckily VA loans are among those that allow it in certain situations. Typically income from rent is used when you purchase a multi-unit property, which is […]
How to Use Disability Compensation Income on a VA Loan
Your VA loan is dependent on a variety of factors, including the need for your VA entitlement and enough disposable income to qualify you for the loan. What if your income is not standard salary income, though? Can you qualify on disability compensation income? Luckily, the answer to that question is a resounding “yes”. Here […]