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FAQ

How do I calculate residual income for VA?
Residual income is simply what's left over after all your expenses are paid. To calculate that number, you simply subtract all the bills mentioned above that make up your DTI ratio. The VA's minimum residual income is considered a guide and should not trigger an approval or rejection of a VA loan on its own.
How do I calculate my residual income?
The calculation of residual income is as follows. Residual income = operating income - (minimum required return x operating assets).
What is the required residual income calculation when DTI exceeds 41 for a VA loan?
At Veterans United, all borrowers with a DTI ratio above 41 percent must have enough residual income to exceed their guideline by 20 percent. For example, a family of four in the Midwest would typically need $1,003 in residual income.
Is VA disability residual income?
By contrast, the VA residual income calculation is the actual dollar amount you have left over each month after your payments have been made. This may be referred to in other ways, including the phrase balance available for family support.
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