@Carlos Scarpero Hey! I could use your VA expertise on a file. I’m doing a VA cash-out refinance in Colorado on an SFR with an existing VA loan, so it’s VA-to-VA. The VA appraisal came back noting a private well, and we’re being asked for a VA clean water test. I found VA guidance that previously allowed the well-water testing requirement to be waived on a refinance when the property was already encumbered by a VA-guaranteed loan. Have you run into this recently on a VA cash-out? Do you know if there’s still a waiver or another way around the water test on a VA-to-VA refinance? Appreciate any insight!

I see collection accounts trip up VA buyers all the time, and most of the time it comes down to one simple rule that a lot of people get wrong.The VA counts 5 percent of your total collection balance divided by 12 months as a monthly debt against your income. That rule changed with Change 47, and knowing the actual rule can make or break your approval. I broke it all down in plain English here: https://scarpero.com/va-loan-collections-5-percent-divided-by-12-months/

Use this thread to introduce yourself to this group. What brings you to this group and what are you looking to get from being a member here?