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Compensating Factors
- Excellent credit history
- Conservative use of consumer credit
- Minimal consumer debt
- Long-term employment
- Significant liquid assets
- Sizable down payment
- The existence of equity in refinancing loans
- Little or no increase in shelter expense
- High residual income
- Low debt-to-income ratio
- Tax credits for child care
- Tax benefits of home ownership
Note: Compensating factors CANNOT be used to offset unsatisfactory credit.
History :: The Complete Lenders Training Guide :: General Rules For Eligibility :: VA Eligibility Center :: Military Records Centers :: Restoration of Entitlement :: Maximum Loan Amount :: Eligible Loan Purposes :: Interest Rate Reduction Refinance Loans :: Cash Out/Other Refinancing Loans :: Refinance Comparison Chart :: Energy Efficient Mortgages :: Joint Loans :: Farm Residence Loans/Adjustable Rate Mortgages :: Prior Approval Loans :: Guaranty :: Appraisal Assignments :: Special Adapted Housing :: VA Repossessed Properties :: Income Verification :: Assets :: Debts and Obligations :: CAIVRS :: Credit Analysis :: Compensating Factors :: Completing VA Form 26-6393 :: Maintenance and Utility Guidelines :: Automated Underwriting Systems :: Closing Packages :: Seller Concessions :: VA Funding Fee :: Guaranty Procedures :: Quality Review :: VA Forms :: Acronyms :: VA Training Broadcasts :: Jurisdiction Codes :: Regional Loan Centers :: VA Loan Number :: Contacting VA
PRE-QUALIFY NOW!
Toll Free: 800-436-0445
No Obligation. Quick & Easy. Call Today!
Some limitations may apply in Texas. Licensed by the CA Department of Corporations under the CRMLA. GA Residential Mortgage Licensee. IL Residential Mortgage Licensee. MA Licensed Lender #1045. MO Residential Mortgage Licensee. NH Licensee 7069 MB. RI Mortgage Lenders Licensee. SD Real Estate Licensee.