(Authority: 15 U.S.C. 1639C(a)(5) , 38 U.S.C. 3710 )
Table of Residual Incomes by Region
[For loan amounts of $79,999 and below]
Family size1 | Northeast | Midwest | South | West |
1 | 390 | 382 | 382 | 425 |
2 | 654 | 641 | 641 | 713 |
3 | 788 | 772 | 772 | 859 |
4 | 888 | 868 | 868 | 967 |
5 | 921 | 902 | 902 | 1,004 |
1 For families with more than five members, add $75 for each additional member up to a family of seven. "Family" includes all members of the household.
Table of Residual Incomes by Region
[For loan amounts of $80,000 and above]
Family size1 | Northeast | Midwest | South | West |
1 | 450 | 441 | 441 | 491 |
2 | 755 | 738 | 738 | 823 |
3 | 909 | 889 | 889 | 990 |
4 | 1,025 | 1,003 | 1,003 | 1,117 |
5 | 1,062 | 1,039 | 1,039 | 1,158 |
1 For families with more than five members, add $80 for each additional member up to a family of seven. "Family" includes all members of the household.
The undersigned lender certifies that the (loan) (assumption) application, all verifications of employment, deposit, and other income and credit verification documents have been processed in compliance with 38 CFR part 36 ; that all credit reports obtained or generated in connection with the processing of this borrower's (loan) (assumption) application have been provided to VA; that, to the best of the undersigned lender's knowledge and belief the (loan) (assumption) meets the underwriting standards recited in chapter 37 of title 38 United States Code and 38 CFR part 36; and that all information provided in support of this (loan) (assumption) is true, complete and accurate to the best of the undersigned lender's knowledge and belief.
38 C.F.R. §36.4340
Authority: 28 U.S.C. 2461 ; 38 U.S.C. 3710
The Office of Management and Budget has approved the information collection requirements of this section under control number 2900-0521