Avoid Mistakes: Key VA Loan Income Approval Requirements
All the VA income requirements you need to know before using the VA Loan.
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✝️ DO YOU KNOW WHO YOU ARE IN THE EYES OF GOD?
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You are A CHILD OF GOD.
"But to all who believed him and accepted him, he gave the right to become children of God.”
(John1:12NLT)
You are RIGHTEOUS.
"For God made Christ, who never sinned, to be the offering for our sin, so that we could be made right with God through Christ."
(2 Corinthians5:21NLT)
You are LOVED.
"But God showed his great love for us by sending Christ to die for us while we were still sinners.”
(Romans5:8NLT)
You are FORGIVEN.
"For he has rescued us from the kingdom of darkness and transferred us into the Kingdom of his dear Son, who purchased our freedom and forgave our sins."
(Colossians1:13-14NLT)
You are BLESSED.
"All praise to God, the Father of our Lord Jesus Christ, who has blessed us with every spiritual blessing in the heavenly realms because we are united with Christ."
(Ephesians1:3NLT)
You are CALLED.
"For we are God’s masterpiece. He has created us anew in Christ Jesus, so we can do the good things he planned for us long ago."
(Ephesians2:10NLT)
You are CAPABLE.
“For I can do everything through Christ, who gives me strength."
(Philippians4:13NLT)
You are COMPLETE.
"So you also are complete through your union with Christ, who is the head over every ruler and authority."
(Colossians2:10NLT)
You are A CONQUEROR.
“…overwhelming victory is ours through Christ, who loved us."
(Romans8:37NLT)
You are VICTORIOUS.
"But thank God! He gives us victory over sin and de*th through our Lord Jesus Christ."
(1 Corinthians15:57NLT)
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🔐KEYWORDS:
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#VALoanTips #VALoans #VALoanRules
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🔍ABOUT:
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In this video, Josh explores the various income types that can be used when applying for a VA loan. Covering both military and non-military incomes, Josh explains the underwriting process, required documentation, and exceptions for different employment scenarios. Ideal for veterans, active service members, and real estate professionals, this comprehensive guide ensures you understand how to verify and utilize income to qualify for a VA home loan. Additionally, Josh shares insights on community property states, qualifying as self-employed, and using rental income. Don't forget to subscribe for more tips and updates on VA loans.
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📣DISCLAIMER:
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All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording. This was created for educational purposes only and the opinions in this video are my own and do not reflect those of my employer
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⏱️TIMESTAMPS:
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00:00 Introduction to VA Loan Income Guidelines
00:26 Understanding the Role of the Loan Underwriter
01:02 Employment History and Verification
01:58 Counting Spouse's Income and Debt
02:40 Active Duty Pay Considerations
04:18 Non-Military Income Sources
06:59 Self-Employment and Entrepreneurial Income
07:48 Rental Income and Departing Residence
08:38 Conclusion and Final Thoughts