VA – GI Bill Income to Qualify: I have a veteran client who is in the reserves and receiving GI bill income. Can we use this on a VA loan?

Answer: Unfortunately, VA does not allow GI Bill benefits to be used as effective income for qualifying.  (See the guideline excerpt below.) Reference: VA Lender’s Handbook Chapter 4, Sec 2   r. Other Types of Income, continued Do not include temporary income items such as VA educational allowances (including the Post 9/11 GI Bill benefit) […]

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