For all VA Loan Types

• Can lower LPC on a loan-by-loan basis - works great for IRRRL's
• 500 minimum score or No Score with non-traditional 3 trades
• No Maximum loan amount on VA high balance
• No maximum acreage
• Manufactured single and doublewide with no price adjustment
• Waive tax escrow on exempt borrowers, with a completed and signed tax exemption form (not available on IRRRL)
• AUS approve/eligible or refer/eligible with manual underwrite
• Up to 55% DTI allowed on R/E manual UW with 3 compensating factors, price adjustment over 50% DTI on all loan types except IRRRL
• Joint loans allowed (Veteran and non-veteran borrowers)

VA IRRRL all of the above and,

• Late mortgage payments in the last 12 months allowed
• Mortgage only with or without a score, use 0 score if borrower score is under 580
• Can use IRRRL for VA investment property