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How do I
qualify for a VA loan?

The VA loan benefit gives Veterans more access to
homeownership than any other program.

ARE MY INCOME AND CREDIT GOOD ENOUGH?

A quick look at qualifying will show how your income and credit factor into loan approval.

WHAT DO I NEED TO DO TO GET APPROVED?

Income and credit are only part of it. Dig deeper and you’ll find four keys to VA loan approval.

HOW MUCH CAN I BORROW?

Our VA Loan Limits Table shows you the max $0 down payment VA loan possible by county.

Qualifying Factors for VA Loans
Qualifying Factors for VA Loans

If you’re eligible for a VA loan, you’ll still need to qualify. The VA asks approved lenders to determine whether borrowers can pay for their loans based on this set of guidelines.

  • CREDIT:  Meet VA and lender requirements and have no major past delinquencies
  • INCOME:  Two years on the job and ability to document enough recent pay to afford the loan
  • DTI:  Debt-to-income ratio (DTI) in the range of 41% or less (not carved in stone)
  • RESIDUAL INCOME:  Enough money to live on after paying loan and other foreseen expenses

Four keys to approval

If you know these four basic guidelines, you may better understand your likelihood of VA loan approval.

Four keys to approval
What Are VA Loan Limits?
What Are VA Loan Limits?

"Limit" speaks to the maximum amount of loan the VA will back for the lender on a $0 DOWN PAYMENT LOAN. VA loan limits can vary by county, region or territory where the property is located.

Get a quote

Whether you're ready to apply now, or simply looking to explore your options, this is the easiest way to get started. Our experienced lending professionals stand ready to listen and respond, with no obligation.

Call us at 800-217-1596
or submit the simple form below.

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