Answer: The new guideline is supposed to read “use 125%”. This is what they announced as their new policy back in April 2018 at the VA Lenders Conference. It appears that when they edited the Chapter, they added in the new policy, but forgot to delete the old one. Anytime this happens, you can expect that […]
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Answer: Yes, we have just developed a reference chart for this purpose. Please see it attached to this question. Social Media Post Non-Taxable income can be “grossed up,” which adds more income to assist a client in qualifying for a loan. Each agency has different requirements, so contact me first! Supporting Resource NEW MC Chart: […]
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