â€¢ Maximum DTI for a manually underwritten loan is 46% and veteran must meet the residual requirement with compensating factors (VA has only one ratio)
â€¢ Although there is no minimum FICO, the veteran must meet the ratio requirement and have residual income 120% over that required for family size
â€¢ VORs or 12 months cancelled checks for the last 12 monthsâ€™ rental history with no lates
â€¢ No derogatory credit within the past 12 months
â€¢ Letter of explanation for any derogatory credit and credit inquiries
â€¢ Note: VA considers open collections as recent derogatory credit; this would count if the collection was reported within the last 12 months. Recent short sale of a previous mortgage or a previous foreclosure for the veteran or the non-purchasing spouse will be a substantial negative issue in a veteranâ€™s credit review (regardless of DU approval)
â€¢ No down payment assistance programs allowed
â€¢ Any VA cash-out refinance cannot exceed 90% LTV/CLTV
Look at Randy Roberts profile he has 100s of spam comments left on blogs. This company uses companies overseas to create fake profiles to leave comments all over the internet to promote their company.
Please let me know if you want me to refer you to my broker's VA lender. They would able to give you a good idea on how and when to get to the target score to purchase.
You can email me at email@example.com
JP and Associate
It is all based on your "middle score" of the 3 credit reports. Who knows you might be quailfied now . Recommend contact mortgage broker determine status based on your loan application completed.
Contact my office Saturday where I can show you many amazing homes work with your family specifications and lender requirements
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
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Multimillion Dollar Sales Producer
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GREAT Job getting your score up! I bet that was a challenging road but you conquered it! It's not easy walking that road.
I recommend 2 mortgage companies that can assist and work for you to get to the VA recommended qualifications. I think you you are almost there.
I refer many clients to the these 2 companies because they provide excellent customer service: Jeff Jenasche, Town Square Finabcial, Executive VP, 972-292-7599, firstname.lastname@example.org/. Paolo Dentone, Home Team Mortgage, 972-335-5970.
I would be honored to work for you and represent you in your new home purchase. Please feel free to text, email or call if I can help in any way or provide you you more information.
Ebby Halliday Realtors
1415 Legacy Drive, Suite 100
Frisco, TX 75034
Best regards in your home search...let me know how I can help!
I have a really good lender/mortgage advisor who can help you get your score up and give you advice on the best loan for you. Feel free to call me at 469-371-2899.
Susie Kay, RealtorÂ®
GRI, CHMS, SFR
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
Servicing your real estate need is my priority!