VA – Debts Paid Down to 10 Months or Less: Will VA allow for a car purchase loan to be paid down to less than 10 payments, in order to exclude the payment?

Answer: Two things to keep in mind with this scenario: VA has no prohibition against paying down a debt to have a remaining term of <10 months, and VA leaves it up to an underwriter’s judgement to decide if ANY debt, regardless of a short remaining term, should be included in the DTI calculation if [...]