Requirements for VA loan

[Mike]

I'm just wondering, when you are married should both of the incomes be used to determine DTI for a VA Loan?

[Zino]

Originally Posted by Mike

I'm just wondering, when you are married should both of the incomes be used to determine DTI for a VA Loan?

Good question Mike, don't take this as fact but from the research i've done on Veteran Affairs loans i believe yes the combined income is taken in to account. All the documents i've read don't actually come out and say either way directly however in the event a Veteran Affairs loan holder passes away, they loan is the responsibility of the spouse.

So this to me would indicate the spouses income is also considered when applying, however please check in to this directly from the lender.

I'll also point you to an informative site i've previously found on my travels, http://www.valoans.com

The site is dedicated to VA Loans, so they have some really good info.

[Mike]

Thank you Zino, i have been reading the site you mentioned and i think you are right it is counted because it's household income.

I will tell my neighbor and he can contact some VA lenders, and get some paperwork.