Here's How Your Disability Rating Affects Your VA Home Loan Benefit

There are many requirements that VA loan borrowers must meet to be approved for a loan. This includes meeting the lender’s minimum credit score and a low debt-to-income ratio. Disabled veterans are held to these same standards but also have a few exceptions. Having a disability rating will not negatively affect your chances of approval. Quite the opposite, disability income can count as effective income towards your mortgage. These borrowers with service-connected disability are exempt from paying the VA funding fee which can save them approximately $4,000 or more. Disabled veterans are also able to apply for Specially Adapted Housing grants to help find properties that fit their needs. Read the full article here: http://www.veteransunited.com/valoans/heres-how-your-disability-rating-affects-your-va-home-loan-benefit/