Current VA Loan Requirements in Atlanta, GA

VA loans Atlanta are a powerful benefit, but understanding the current requirements ensures a smoother path to homeownership.

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Service Requirements and COE

• 90 days active duty during wartime
• 181 days peacetime service
• 6 years Guard or Reserves
• Eligibility extended to surviving spouses

Every VA borrower needs a Certificate of Eligibility (COE) to confirm entitlement.

Credit and Income Standards

• No strict VA minimum credit score, but lenders often want 620+
• DTI ratio ideally 41% or less
• Residual income helps balance higher DTIs
• Steady employment and income records are expected

Funding Fee

Most VA loans Atlanta include a funding fee unless exempt. Rates vary based on usage and down payment and can be financed.

Property Requirements

• Must be a primary residence
• Property must meet VA safety and livability standards
• VA appraisal required before closing

Occupancy and Other Requirements

• Move into the property within 60 days
• CAIVRS check ensures no federal defaults

Real-Life Atlanta Example

A Veteran in Metro Atlanta had borderline credit but exceeded residual income requirements. The VA guidelines balanced these factors and allowed approval.

VA Loans Atlanta: FAQs

Do VA loans Atlanta require PMI? No—private mortgage insurance is not required.

Can I refinance an existing VA loan? Yes, through IRRRL or cash-out refinance.

Are VA loans assumable? Yes, with lender and VA approval.

Ready to Check Your Eligibility?

Bluestar Home Mortgage can help Atlanta Veterans and service members review requirements and start with confidence.
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