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VA Loans and AU Reporting

Established Contributor

VA Loans and AU Reporting

I am considering asking a family member to add me as an AU on a Discover account strictly for revolving util purposes. I understand on conventional loans this is sometimes a problem, but would it make any difference for a VA loan assuming you otherwise qualified without the AU account?

I have multiple other (individual) tradelines, so it wouldn't be needed to show recent good payment history, etc.

Thank you!
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Established Contributor

Re: VA Loans and AU Reporting

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Established Member

Re: VA Loans and AU Reporting

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Gardening until November 2013
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Goal 750 for ALL
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Super Contributor

Re: VA Loans and AU Reporting

VA is fine with that, they don't have any rules regarding authorized user accounts.  The lender you go with may have overlay guidelines, but if you have plenty of credit and the AU account isn't one of just a few accounts in good standing I doubt it'd even come up as an issue.  Even on conventional loans it usually isn't an issue.

Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime) since 2002, based in Irvine, CA and lending in all 50 states

Information that is needed to determine if you qualify for a mortgage

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