VA Loans
What is residual income for a VA loan?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Residual income is the money left over each month after your mortgage, debts, taxes, and basic living expenses. The VA sets minimum residual income amounts by family size and region to make sure veterans aren't stretched thin.
It's a key reason VA loans perform so well and allow flexible DTI. If you pass the residual income test, the VA can approve a higher debt ratio. We'll calculate yours before applying.
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