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Can a va loan be denied after pre approval?
Terrence Vanlue3 minutes readTechnically, no, but your lender may find it necessary to review your financial information again between 60 and 90 days after you issue the letter. Or, if you get pre-approved and make a large purchase that requires additional monthly payments, your debt-to-income ratio may increase beyond the time you manage mortgage payments, affecting your purchasing power as a borrower.
Why you shouldn't get a va loan?
Terrence Vanlue1 minute readConsider the total cost of the loan compared to the total cost of the home. Since you must factor in the cost of the VA financing fee, you could ultimately end up with a loan that exceeds the market value of your home.
What is a good debt-to-income ratio for va loan?
Terrence Vanlue2 minutes readThe debt-to-income ratio determines if you qualify for VA loans. The acceptable debt-to-income ratio for a VA loan is 41%.
What makes you eligible for a va loan?
Terrence Vanlue1 minute readHe served 181 days of active duty in peacetime. He has 6 years of service in the National Guard or in the Reserves.