Assets |
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What amount of Liquid Assets are needed for a VA Loan?
(Lender's Handbook, Chapter 4, Topic 4a)
 Closing costs or points, which are the applicant's responsibility and are not
financed in the loan. The difference between the sales price and the loan
amount, if the sales price exceeds the reasonable value established by VA. |
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Note: VA does not require the applicant to have additional cash to cover a certain number of mortgage payments, unplanned expenses, or other contingencies. |
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VA Lender Guide
The Complete Lenders Training Guide
Eligibility
Loan Types and Requirements
Interest Rate Reduction Refinance Loans
Cash Out/Other refinance Loans
Underwriting
Maintenance and Utility Guidelines
Automated Underwriting Systems
Closing Packages
Appendix
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