Confirm You have the Necessary Earnings To expend Right back The loan

Generally speaking, this involves 2 years regarding complete-big date work and that your own month-to-month debts, in addition to construction will cost you, full below 40% of your disgusting month-to-month income.

In the event the debts try 41% or higher, you may need to give a deposit otherwise meet even more bank qualification standards.

Possess Sufficient Borrowing

Since the Va loan program does not lay required lowest credit ratings, for each mate bank get their earnings and you may credit criteria.

You will need to mention with regards to debt history that earlier bankruptcies or foreclosures dont instantly indicate your application to possess a good Va loan is refuted.