VA does not prohibit a lender from not counting a debt paid down to under 10 months. However, if the lender considers that payment ‘significant’ then they may still count that debt against the borrower.

Related Article Title: 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 […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top