VA – Tolerance Changes for Monthly Payment: Does VA have any tolerances for a loan payment change after a loan has been approved and before it has been closed?

Answer: VA does not provide any separate tolerance guidance regarding automated underwriting findings, so you would refer to the agencies themselves for tolerance information for Fannie (DU) and Freddie (LPA). Neither would require that the loan be resubmitted to the system if there was a housing payment reduction. That said, I’ve seen many investors that […]

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