Tag: Real Estate Tax Exemption

VA – Exemption from Real Estate Taxes: Do we have to count real estate taxes in the DTI, if the VA borrower is presently exempt and moving to another township? [New Chart-VA Tax Benefits by State]

Answer: VA does not provide a specific guideline on this topic and would leave it up to the lender to determine the appropriate action. The property taxes are a tricky issue because they can threaten the first lien position of a new VA mortgage.  Also, each county handles the Veteran Exemption differently.  Some counties will […]

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