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Household Expenses

Did you know that on a VA loan, separate household expenses do not have to be considered for active military applicants if the applicant will be living in military quarters and states they will not have any expenses?

If the veteran states that he/she will be living in military quarters at no cost and his/her spouse will be living in the subject property, you do not have to consider separate household expenses.

However, if a review of the Leave and Earnings Statement shows a withdrawal for housing or there is any indication in the file of current expenses, clarification should be obtained.

For more information, see Fairway guidelines.