Credit Scores and DTI

Welcome to the Vetted VA podcast. The VA Loan Your Journey Home. This is a podcast where we go beyond the surface of VA home loans. Join us every week as we team up with leading mortgage and real estate experts who've gone through the vetted VA training and vetting process. We dive into everything you need to know from your initial contemplation of buying a home. This episode is all about VA loans and credit, but also debt to income ratio or DTI. Credit is one of those things  we run into so often in VA lending It takes time to ensure that your credit scores are as healthy as it can be. What we found with veterans is there are a lot of odd circumstances box moves, deployments, unusual health or financial circumstances that put veterans in a difficult place of managing their credit. Now, because the VA is aware of this, the nice thing is the VA home loan is more flexible with credit than any mortgage on the face of the earth. We hope you enjoy the show. We hope you enjoy this. And if you have any other follow up questions. Let us know at [email protected] . Enjoy! In This Episode 00:00:00 Introduction 00:06:51 About Guests 00:10:30 What are the VA's Credit score & DTI requirements 00:15:15 VA's Credit Flexibility 00:16:15 What has the biggest impact on your credit score? 00:17:37 What impacts credit scores 00:19:47 I pay my cards down monthly, why is it showing on my credit 00:21:12 How should I use my credit card? 00:23:39 I am about to retire, how will that affect my credit? 00:30:07 I am waiting on my disability rating 00:21:45 I don't want my credit pulled 00:32:43 Use optout prescreen before you get your credit pulled 00:35:28 Charge off ands collections 00:42:31 Manual underwrite 00:43:59 Residual income calculations 00:46:31 High DTI Engage with Vetted VA ⁠⁠Nathan Knottingham on LinkedIn⁠⁠ ⁠⁠Christopher Griffith on LinkedIn⁠⁠ ⁠⁠Nathan Knottingham of Facebook⁠⁠ ⁠⁠Christopher Griffith on Facebook⁠⁠ ⁠⁠Vetted VA on Facebook⁠⁠ ⁠⁠Vetted VA Website⁠⁠ ⁠⁠The episode on YouTube⁠⁠