What are the income requirements for VA loans?

VA mortgages, like all loans, have certain income qualifying requirement. The http://www.directvaloans.com VA loan FAQ video series addresses the commonly asked question, What are the income requirements for VA loans? The income qualifying requirements for VA loans are established by the VA. The debt-to-income ratio for veterans home loans is 41%. So, if a veterans monthly debt obligation is not greater than 41% of his income, a VA lender can consider a veteran home loan. Other factors to be considered are the VA borrowers credit score and residual income. In some cases, where there is enough residual income, the debt-to-income threshold may be higher than 41%. To gauge your debt-to-income ratio and the amount you can qualify for, it might be a worthwhile exercise to go through the pre-qualifying process with a VA loan specialist. For the complete video series and to find more answers to your most commonly asked VA loan questions at http://www.directvaloans.com/VA-Loan-Questions/Default.aspx.

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