The Debt-to-Income ratio is an important factor used when qualifying for a VA loan in California. But what is the Debt-To-Income ratio and how is it calculated? The Debt-To-Income ratio, or DTI, is one of the factors lenders use to determine whether a borrower can afford their total payments, including the new housing payment, when […]
Tag: va loan eligibility
Have You Been Told You’re Not Eligible for a VA Loan?
Having Zero Entitlement on your Certificate of Eligibility doesn’t mean you can’t buy home with Zero down payment using a VA loan. Earlier this year, an Air Force Veteran and his wife were considering the purchase of a new home. Being experienced homeowners, they began the mortgage pre-qualification process with a local mortgage professional. At […]
How to Restore Your VA Eligibility
Many Veterans don’t realize that it is possible to restore VA eligibility for a home loan. The VA home loan is not just for first time home buyers and is not a one time use program. However, there are guidelines that effect a Veterans ability to have more than one VA loan at a time. […]
Can I Take out More Than One VA Loan in California?
The short answer to the question “How many VA loans can I have in California?” is that there is no limit on the number of times eligible California veterans are allowed to use their VA loan benefits. This answer often surprises California veteran borrowers who have used the program before. As you are probably well […]