Category: 2022 Kentucky VA Loan Guide Updates

A borrower who has no verifiable employment for 6 months or longer is deemed to have a gap in employment.  

VA:  
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 the loan as a whole is underwriter discretion.

Medical or Temporary Leave Income

The borrower has taken a temporary leave of absence from work typically for medical leave such as maternity, illness, surgery, or on the job injury.  This leave is short term in nature and the borrower is still employed with their same employer prior to the leave of absence.  

 VA: Borrower’s on temporary leave are not eligible for a loan transaction. 

  Frequent Job Changes
Frequent job changes may indicate instability in a borrower’s income.