Debt to Income
This VA-specific calculation focuses on money left over after major expenses rather than just a ratio.
What is residual income?
This is the minimum credit score required across FHA, VA, Conventional, and USDA loans at Veterans United.
What is 620?
VA student loans in repayment must qualify using the greater of the reported payment or this calculation.
What is 5% divided by 12 of the balance?
FHA and USDA both share this collection cap before action is required.
What is $2,000?
This occupancy type is required for FHA, VA, and USDA loans.
What is a primary residence?
FHA manual underwrites are triggered when disputed derogatory accounts exceed this amount.
What is $1,000?
FHA limits borrowers to this number of FHA-insured mortgages at one time
What is one?
Student loans are included in DTI calculations for all of these.
What are FHA, VA, Conventional, and USDA loans?
VA requires this calculation for non-medical collections.
What is 5% divided by 12?
Conventional loans allow this type of property with at least 15% down.
What is an investment property?
VA borrowers with a DTI over 41% must meet this increased residual requirement
What is 120% of residual income?
Credit reports with masked, frozen, or suppressed information are considered this.
What is unacceptable?
FHA student loans cannot be omitted even if they are in this status
What is deferment?
Government collections on VA loans must meet this requirement.
What is paid in full or 12 months of on-time payments?
VA allows this scenario using remaining entitlement.
What is owning two primary residences at the same time?
USDA has stricter DTI caps and may require approval when exceeding this ratio.
What is 29/41 or 32/44?
USDA disputed accounts must have balances below this amount.
What is $500?
FHA and USDA both require this percentage of the balance when no payment is listed.
What is 0.5%?
Disputed derogatory credit over this amount triggers a manual underwrite on FHA.
What is $1,000?
USDA loans prohibit this type of borrower entirely.
What is a non-occupying co-borrower?
For VA loans, this is the maximum DTI allowed to send a file to the Loan Officer without AUS.
What is 50%?
Conventional loans generally have the strictest requirements in this area.
What is conventional?
Delinquent student loans on USDA require this history to proceed.
What is six months of satisfactory repayment?
ecent late payments and collections can delay VA eligibility for this long.
What is 12–24 months?
FHA requires manufactured homes to meet this classification.
What is real property?