VA loan disability income verification

[lonerower]

I am gathering up information for a VA loan.  I have disability income from the VA.

How do I prove this income?

The income is listed on the VA home loan eligibility certification which also excepts any closing fees.

Is this enough proof of income or will a bank need something else?

I am assuming I would use pay stubs for my other income for work.

[MarineVietVet]

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@lonerower wrote:

I am gathering up information for a VA loan.  I have disability income from the VA.

How do I prove this income?

The income is listed on the VA home loan eligibility certification which also excepts any closing fees.

Is this enough proof of income or will a bank need something else?

I am assuming I would use pay stubs for my other income for work.

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It may differ from state to state.

Each January I receive an updated summary of benefits from the VA showing what my monthly check is. Plus I was required to submit past bank statements to prove all income.

[mynameainttracy]

We haven't gotten an updated statement of benefits in a couple of years so we were just able to show the income from bank statements.

[MarineVietVet]

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@mynameainttracy wrote:

We haven't gotten an updated statement of benefits in a couple of years so we were just able to show the income from bank statements.

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As long as the lender accepts that you're good to go!

You need to contact the VA about your annual summary of benefits. I get mine without fail.

[Anonymous]

You can also self print a benefit summary on the eBenefits website.

[coterotie]

Also make sure your lender knows how to do the tax gross up on the benefit.  Many do not know how to put this into DU. 

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@lonerower wrote:

I am gathering up information for a VA loan.  I have disability income from the VA.

How do I prove this income?

The income is listed on the VA home loan eligibility certification which also excepts any closing fees.

Is this enough proof of income or will a bank need something else?

I am assuming I would use pay stubs for my other income for work.

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[ranger2992]

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@Anonymous wrote:

You can also self print a benefit summary on the eBenefits website.

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Bingo!

Go to ebenefits and then VA letters. This will have all of your letters ready for you. Proof of disability, how much you get paid, ten point gov employee preference, and a couple others. It's a great site. You may have to sign up, but there is a heck of a lot you can do from there.