News & Information: Market Diversity Quick Q&As

Market Diversity - Veteran Disability Rating

Friday, August 9, 2013  
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Q. How does a veteran disability rating affect the VA home loan benefit?

A. Disabled veterans who have VA loan entitlement are eligible for a VA home loan, and lenders can count disability income as effective income toward a mortgage. Borrowers with a service-connected disability are exempt from paying the VA Funding Fee.

Market Diversity Quick Q&As are provided by the ORRA Market Diversity Subcommittee as a service to ORRA members.

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