Here are 10 facts about VA you might not have known.



VA does not have a maximum loan limit. The Veteran can qualify for up to $2-3 million they may need to put down payment in depending on the entitlement they have.
VA manual underwriting is 0 x 30 in the last 12 month on revolving and installment credit. We can ignore credit over 12 months old.
VA DTI is up to whatever DU/LP will approve. On manual underwriting EPM will do up to 50% with 120% residual income.
VA does not have an identity of interest guideline. VA allows non-arm’s length transactions.
VA does not have a flipping rule. If the value can be supported with an appraisal and there is no indication of inappropriate behavior ok to proceed.
Seller can pay more than 4% concession/closing costs.
Veterans with entitlement that has been previously used can use their additional 25% to obtain 100% financing.
VA disability can be grossed up 125%.
VA allows no score with alt trades.
100% disabled Veterans may not have to pay taxes depending on the state.