The rule of thumb, when qualifying a VA loan applicant, is that debt to income ratio should not exceed 55%.
Is this fact true or false ?
Please remember to take your time. The solution is posted below the wildlife photo.
A. False
The debt to income ratio should not exceed 41% for the VA loan, although the consideration of residual forms of income, such as a large cash settlement, could change the percentage.
Check with your lender to see what the current status of the process incurs.
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