kevinnitz

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VA – Child Care Calculation DTI & Residual: Does Child Care need to be included in the DTI and Residual Income Calculation, or just the Residual Income Calculation? NEW – VA Residual Income Calculator

Answer: The VA Loan Analysis form is where BOTH the Ratios and the Residual Income are calculated. Child Care is listed in the Debts and Obligations section of the VA Loan Analysis and is deducted for both the DTI and Residual Income Calculations. Social Media Post VA will count child care costs in when qualifying [...]

2019-05-23T14:23:51-05:00May 24th, 2019|

Veterans who are exempt from the VA Funding Fee are exempt on any VA mortgage loan transaction. It is not just a one-time benefit. Curious if you’re exempt? Contact me and let’s discuss!

Related Article Title: VA – Disability Income Exemption: If a borrower receives disability income from VA, are they exempt from the funding fee on subsequent loans? VA Funding Fee Chart – NEW MTP™-Who is Exempt from the VA Funding Fee? Answer: An eligible veteran is exempt from the funding on all VA loans they obtain.  [...]

2019-05-23T14:33:34-05:00May 24th, 2019|Social Media Posts, VA|

VA – Disability Income Exemption: If a borrower receives disability income from VA, are they exempt from the funding fee on subsequent loans? VA Funding Fee Chart – NEW MTP™-Who is Exempt from the VA Funding Fee?

Answer: An eligible veteran is exempt from the funding on all VA loans they obtain.  There is no limitation on the number of loans they may obtain without paying the funding fee. Reference: VA Lenders Handbook Chapter 8 Who is Exempt from Paying the Funding Fee? The following persons are exempt from paying the funding [...]

2019-05-23T13:57:09-05:00May 24th, 2019|

VA will count child care costs in when qualifying a Veteran borrower, vs. other loan programs that do not. Talk with me first to get the best loan for your situation.

Related Article Title: VA – Child Care Calculation DTI & Residual: Does Child Care need to be included in the DTI and Residual Income Calculation, or just the Residual Income Calculation? NEW – VA Residual Income Calculator Answer: The VA Loan Analysis form is where BOTH the Ratios and the Residual Income are calculated. Child [...]

2019-05-24T08:45:17-05:00May 24th, 2019|Social Media Posts, VA|