VA Loan Underwriting


There are many types of VA loans and refinancing loans. Some are typical and require no special attention from the lender or the Department of Veterans Affairs aside from the normal amount of underwriting and processing that usually happens. Other loans require more development for a variety of reasons. For example, the VA has a category of “other refinancing loans” that have additional requirements. These include: -construction loans, -installment land sale contracts -loans assumed by veterans at interest rates higher than that for the proposed refinance. These types of transactions don’t have a long list of additional rules and regulations--the VA loan rulebook states of them: “These loans may not exceed the lesser of: ·  the VA reasonable value plus the