REQUIREMENTS FOR VA LOAN APPROVAL
To obtain a new VA loan, VA requires that:
- The applicant must be an eligible veteran who has available entitlement.
- The loan must be for an eligible purpose.
- The veteran must occupy or intend to occupy the property as a home within a reasonable period of time after closing the loan.
- The veteran must be a satisfactory credit risk.
- The income of the veteran and spouse, if any, must be shown to be stable and sufficient to meet the mortgage payments, cover the costs of owning a home, take care of other obligations and expenses, and have enough left over for family support.
An experienced VA Loan Specialist will be able to discuss specific income and other qualifying requirements. To start the process just click the button below.
Veteran Benefits
Stay up to Date on the Savings and Benefits Programs Available to You
There are many benefits and saving advantage programs available to you the veteran. Whether you are active duty or prior service, our Veteran's Benefits newsletter will keep you informed and up to date so that you can take advantage of all that is available to you. To subscribe to our free bi-weekly newsletter just enter your email address below and click join.
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