Why Would A VA Loan Be Denied?

Transcript

How would a VA loan get denied? If you don’t meet the credit, income, and credit debt to income ratio requirements, then it could be denied. Typically, it could be occupancy type. For example, VA loans are only with owner occupied properties. Or, it could be the property type is not VA does not meet VA specs.

So, it could be something that doesn’t have the right requirements, such as termite inspections or quality and things like that. The VA does require that the properties meet VA specs, which is a little bit higher than regular Fannie and Freddie rules.