Posted on: 28th Oct, 2010 03:36 pm
If I am sitting at 59% debt ratio in buying a 125K house, how likely is it that the loan will be approved via VA home loan.
Hi usmcdeputy!
Welcome to forums!
In order to get a VA loan, you should have a debt to income ratio of 41%. If your debt to income ratio is more than that, then I don't think you'll be able to get a mortgage.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
In order to get a VA loan, you should have a debt to income ratio of 41%. If your debt to income ratio is more than that, then I don't think you'll be able to get a mortgage.
Feel free to ask if you've further queries.
Sussane