08/26/2026
Big News for Veterans with Past Credit Challenges! 🏡🇺🇸
The VA just made it easier for veterans with old unpaid debts to qualify for a home loan.
What changed? When you apply for a VA loan, lenders look at your monthly debts. Previously, if you had an unpaid collection account (not medical), lenders counted 5% of that balance as a monthly payment—even if you weren’t actually paying it.
The old math: $20,000 collection = $1,000/month counted against you
The new math: $20,000 collection = $83/month counted against you
That’s a 92% reduction in how that debt impacts your qualification!
Why it matters: Veterans who were previously told “no” due to old collections may now qualify for a VA loan. If you or someone you know was turned down before, it might be worth another look.
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Leah Keyworth
Loan Originator - NMLS # 1659048
CMG Home Loans
📞 832-279-0246
📩 [email protected]