Does income affect VA disability?

Does income affect VA disability?

Here’s the big takeaway: Income is NOT a factor for VA Disability Compensation.

Can you have two VA loans at once?

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The VA allows veterans to have two VA loans at the same time in some situations, and eligible veterans can qualify for a VA loan even if they’ve defaulted on one in previous years. The time to act on your VA loan benefits again is now.

Can a VA loan be denied?

A loan can be denied by the automated underwriting system for any number of reasons. It could be that something was input wrong. In any case, VA loans offer a lot of flexibility and options. Just because you are unable to get an automated underwriting approval doesn’t mean you are not eligible for a VA guaranteed loan.

What disqualifies you for a VA loan?

You may be eligible for a VA loan by meeting one or more of the following requirements: You have served 90 consecutive days of active service during wartime, OR. You have served 181 days of active service during peacetime, OR. You have 6 years of service in the National Guard or Reserves, OR.

What can disqualify you from a VA loan?

Dishonorable Discharge Veteran status requires that service members are discharged or released from the military under conditions other than dishonorable. A veteran with a dishonorable discharge will not be eligible to participate in the VA Loan Guaranty program.

Are VA loans harder to close?

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The short answer is “no.” It’s true VA loans were once harder to close — but that’s ancient history. Today, you’re likely to have roughly the same issues with a buyer who has this sort of mortgage as any other. And VA’s flexible guidelines may be the only reason your buyer can purchase your home.