
VA Just Changed How Collections Count On A VA Loan
The VA handbook now counts an unpaid non-medical collection at 5% of the balance divided by 12 months. A $10,000 collection drops from $500 to about $42.
Carlos Scarpero, VA Mortgage Specialist, NMLS 1674385
The VA recently issued some guidance about what income from the cannabis industry can be used for VA loan qualification. Watch the video and learn more!
As always if you have any questions, feel free to reach out.

The VA handbook now counts an unpaid non-medical collection at 5% of the balance divided by 12 months. A $10,000 collection drops from $500 to about $42.

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