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Additional VA Loan Income Requirements

Designed to be a well-deserved safety net for the men and women of our armed forces, homebuyers using VA Loans aren’t required to reach any kind of income threshold to use the loan benefits. However, in order for the agreement to make sense to the lender, the borrower is expect to have a stable, reliable income that is sufficient to cover foreseen monthly expenses, like mortgage payments.

Furthermore, the VA needs proof of income left over each month once necessary expenses are covered. The excess is needed to cover expected costs, like food, transportation, and other residual income requirements. It is because of this that the VA Loan maintains one of the lowest foreclosure rates within all lending options today.

The VA argues that mandating a residual income requirement increases veterans ability to earn income that meets all financial obligations – thereby creating an emergency fund when the time comes.

Lastly, though perfect credit scores aren’t a requirement for this loan, when you apply for the VA Loan, our Home Loan Expert Specialist will review your score from three credit agencies. They will also review your debt-to-income ratio.

Designed to serve America's Heroes.

Why Choose HERO.LOAN

MORE PERSONALIZED SERVICE

Our team of VA Loan Specialists goes out of their way to create a personalized loan experience for our customers. We will meet with you face to face, in your home, on base, at work, or wherever you like. It’s important for us to get to know you, so we can tailor your loan to your specific needs, and for you to get to know us in a space that is comfortable to you and at a time that works for your schedule.
WE DO THE HEAVY LIFTING
Qualifying for a VA home loan requires a lot of steps, starting with the VA’s Certificate of Eligibility. Through the Hero Loan program, our team lightens your load by helping with every step of the loan process, starting with getting your VA Loan Certificate of Eligibility. We do all the VA paperwork for you!
YOU SAVE TIME
We are a direct-endorsed VA Lender. That means much quicker turnaround times for you. While most lenders take up to 120 days to complete a VA loan, we can close in as little as 14 days. Imagine it: you in your new home in just two weeks.
YOU SAVE MONEY:
NO OUT-OF-POCKET COSTS EVER
We underwrite all our VA loans in house. That means lower mortgage rates for you and no upfront or out of pocket costs—that includes the appraisal. At Hero.Loan, there are never appraisal fees, or any other out of pocket costs.

for more info contact info@hero.loan

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