VA Loan Qualification vs Eligibility

If you’re eligible for the VA loan guarantee, wonderful.

Now we need to qualify you for how much you can go get.

This is where if you’ve heard debt-to-income ratio, that is where you take your total monthly debts and divide it by your monthly income. You need to make sure that those ratios are in really good shape. So, that’s what we really mean by qualifying for a loan.

Now, we have some other good videos that help break down and explain how that qualification part works and how that works specifically if you’re utilizing a VA home loan guarantee.

But know that the difference between eligibility and qualification, the eligibility is just yes or no, can I get that VA loan guarantee, and qualification really means do I have the income and ability to go get the loan, period.