VA will include child care in the client’s debt ratio IF they consider the expense to be significant.
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Answer: [tweet-start]Significant child care expenses are considered on VA loans, but not FHA or conventional loans.[tweet-end] Child care expenses, if determined to be ‘significant’, are included in both the DTI calculation and the residual income calculation. The first guideline below from Chap 4 Sec 9 explains this, and the second guideline from Chap 4 Sec […]