VA loan certification are straight-forward. The good thing about the 80/10/10 is its framework.

VA loan certification are straight-forward. The good thing about the 80/10/10 is its framework.

The traditional 97 basic certification standards are :

  • Loan size may well not surpass $510,400, even though the home is with in a market that is high-cost.
  • The topic home needs to be a dwelling that is single-unit. No multi-unit domiciles are permitted.
  • The home loan needs to be a set price mortgage. No ARMs via the standard 97.
  • The standard 97 system will not enforce a particular minimum credit score beyond those for an average main-stream mortgage loan. Continue reading “VA loan certification are straight-forward. The good thing about the 80/10/10 is its framework.”