VA – Rental Payment History: VA guidelines now state a requirement of a 24-month payment history, whereas it used to be 12. Are there any exceptions to this rule?
Answer: If you have an AUS approval on less than the 24 months, then the system will accept that history by virtue of the AUS loan approval. However, if you get a “Refer”, the borrower must have a full 24 months of rental payment history for analysis. [Article Published in Question & Answer Issue – […]