Income Guidelines for A Kentucky VA and Rural Housing Loan Approval?
Employment Guidelines for Kentucky Rural Housing and Kentucky VA Loans Mortgage Approval Gaps in Employment in regards to a Rural Housing Loan in Kentucky A borrower who has no verifiable employment for 6 months or longer is deemed to have a gap in employment. RHS or USDA loan approval: Any gaps in employment must be analyzed in order to make a final determination of stable and dependable income. An employment gap does not automatically render an applicant ineligible. Applicants with job gaps due to maternity leave, medical leave, relocation, etc. are considered to have employment continuity. Applicants returning to the workforce after leaving a previous job to care for a child/family member, complete education, etc. will require a 12 month employment history. Kentucky VA mortgage loans" VA does not address gaps in employment and generally does not consider non military employment less than 12 months as stable and reliable. Any exceptions based on ...