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Can i be denied a va home loan?
Terrence Vanlue1 minute readWhen you apply for home financing with a VA loan, you increase your chances of getting into a large home. While most qualified veterans may qualify for funding, some will be denied their loan application.
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%.
How hard is it to get a va loan approved?
Terrence Vanlue2 minutes readIf you're eligible, it's pretty easy to qualify for VA loans, as there's no down payment required, no minimum credit score, and no upper limit on how much you can borrow relative to income, 4 days ago. VA loans have many benefits compared to conventional loans.
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.