If a Veteran is due to retire, but has not done so yet, does a VA borrower need to actually receive retirement and disability before we can count it as income?
Answer: With the revision of Chapter 4 of the Lenders Handbook, VA added some new details regarding disability and pension income where previously they had offered no guidance on several issues. If your borrower is simply receiving the ‘normal’ service-connected disability common to new retirees and military retirement, then there wasn’t really anything new. VA [...]