Tag Archive : debt ratio


A little known tip re: dealing with Spouse's debts on a VA Loan

       FHA, VA & Conventional Related / VA Loans

Basic Facts First: On a VA home loan, the Veteran’s spouse’s debt obligations have to be counted against him/her when qualifying even if the Spouse will not be a borrower on the VA loan (i.e. “non purchasing spouse”). Underwriters therefore add up all the monthly debts belonging exclusively to the spouse and count them against the Veteran (Borrower). And since…… Read More »