Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Military Housing Allowances As Verifiable Income for a VA Home Loan
Bruce Reichstein always provides expert advice on VA loans. Whether or not BAH counts as income can get a bit confusing (same goes for BAS). If on active-duty and not likely to separate very soon - BAH is a reliable source of income and will be counted to determine loan amount.
The same goes for rental applications! Just make sure you include a print-out showing the BAH amount you'll be receiving at your new duty station when you PCS!
 
VA loan rules about verifiable income can be a bit confusing–especially if you’re new to the VA loan program.
One reader asks, “I am a bit confused with your reply to (a previous reader question) about BAH from Post 911 counting as income for a VA loan with USAA. You stated that the BAH is not income that can be used to qualify for a VA loan. The confusion for me is that the article clearly states it can be counted. Are you referring to just the BAH that is from the Post 911 GI Bill, not the active duty BAH pay, or to both of these BAH allotments? Can you please clarify?”
There is one important difference between the BAH ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention