VA Underwriting Requirements

VA loan video educational series part 7 - VA Underwriting Requirements

    The VA has very loose underwriting requirements. It is VERY important for Veterans, lenders, mortgage underwriters to understand what the VA says about underwriting VA loans.
    Here is the 20k ft view on what you need to understand:
  1. Understanding Automated Underwriting Systems (AUS)
  2. Underwriting mindset
  3. Documenting why we are making the loan
  4. 2 main things:
    1.Must put the Veteran in a better position
    2.Veteran must demonstrate ability to repay
  5. Lenders handbook https://benefits.va.gov/WARMS/docs/admin26/m26-07/Ch4_Underwriting_NEW.pdf

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