With less income, it can be harder to meet the VA Home Loan Guaranty's debt - to - income (DTI) guidelines; and, the VA residual income requirement for your area. (themortgagereports.com)
With less income, it can be harder to meet the VA Home Loan Guaranty's debt - to - income (DTI) guidelines; and, the VA residual income requirement for your area. (themortgagereports.com)
By enforcing residual income requirements, the VA increases the chances of its borrowers earning sufficient income to meet all financial obligations, and also ensures borrowers have a cushion in the event of an emergency. (veteransunited.com)