Va Home Loan Residual Income Calculator

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Va home loan residual income calculator. Income your gross monthly income. Va residual income calculator. Add the proposed housing costs and monthly payments together. Subtract the combined total of the proposed housing costs and monthly payments from your monthly net income and if applicable your spouse s net income.

Our calculator uses the information you provide about your income and expenses to assess your dti ratio. The va loan handbook states that a debt to income ratio of more than 41 requires close examination unless residual income exceeds the guidelines by at least 20 percent a high income compared to all your other regular expenses could push you over the top as far as qualification. The result is your residual income. Dti ratio reflects the relationship between your gross monthly income and major monthly debts.