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https://portal.ldwholesale.com/portaldocs/yoda/wholesale/VA_Residual.htm
VA Residual Income Balance Available for Family Support Residual income is the amount of net income remaining (after deduction of debts and obligations and monthly shelter expenses) to cover family living expenses such as food, health care, clothing, and gasoline.
https://www.vba.va.gov/pubs/forms/VBA-26-6393-ARE.pdf
balance available for family support. section e - monthly income and deductions. 44. items. 31. 40. 41. 42. spouse borrower. 43. total. approve application reject application $ $ $ gross salary or earnings from employment. deductions € pension, compensation or other net income€ (specify) € total€ (sum of lines 37 and 38) net take-home pay
https://lowvarates.com/va-loan-blog/va-residual-income-requirements-for-veterans/
Nov 09, 2009 · The VA’s minimum residual income, which is also considered the balance available for family support, is a guide and should not automatically trigger an approval or rejection of a VA loan. Instead, it is considered in conjunction with all other credit factors.
https://www.blogs.va.gov/VAntage/38798/va-supports-your-work-life-balance/
Jun 19, 2017 · VAntage Point. Official Blog of the U.S. Department of Veterans Affairs. VA supports your work-life balance We provide generous benefits and encourage healthy habits. VA Careers. ... Veteran family finds relief through VA caregiver support. Posted on Jan 1, 2020 December 18, ...
http://mortgage-u.com/?p=6550
Aug 04, 2014 · VA Residual Income Guideline Is Not A QM Solution For Community Banks ... Another key point about the VA residual income test is the fact their guidelines for balance available for family support haven’t changed since 1997. ... VA’s residual income guideline for a family of 4 in the Midwest and a loan amount above $80,000, is about $1000 ...
https://themortgagereports.com/17652/va-loan-2015-residual-income-guidelines-mortgage-rates
Jan 02, 2017 · >A VA loan borrower in Ohio, then, with a family of 4 and a high DTI would need to show residual income of $1,204, which would satisfy the VA and its underwriters. The standard family …
http://www.benefits.va.gov/WARMS/docs/admin26/pamphlet/pam26_7/ch04.doc
a. Residual Income VA’s minimum residual incomes (balance available for family support) are a guide. They should not automatically trigger approval or rejection of a loan. Instead, consider residual income in conjunction with all other credit factors. An obviously inadequate residual income alone can be a basis for disapproving a loan.
https://www.militaryvaloan.com/incomeguidelines.htm
VA Loan Income Requirements. ... Alimony, Child Support, or Separate Maintenance: Though not required to be disclosed, a borrower who chooses to use this income must 1) provide a 12 month payment history from the ex-spouse or courts showing timely payment and 2) provide evidence that such payment will continue for at least 3 years. A copy of ...
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