Assets

WHAT AMOUNT OF LIQUID ASSETS ARE REQUIRED FOR A VA LOAN?

(Lender’s Handbook, Chapter 4, Topic 4a)

The lender should verify all liquid assets claimed by the applicant required for:

• Closing costs or points, which are the applicant’s responsibility and are not financed in the loan. • The difference between the sales price and the loan amount, if the sales price exceeds the reasonable value established by VA.

Note: VA does not require the applicant to have additional cash to cover a certain number of mortgage payments, unplanned expenses, or other contingencies.