Updated over 6 years ago on . Most recent reply
VA Loan
Is there any way to use my post 9-11 gi bill bah(which is 3 years of income) to qualify for a va loan?
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I realize this is an old thread, but I'll give you an answer if you haven't gotten one yet...
In short, no, you can't use your BAH from the Post 9/11 as verifiable income. I've tried it personally with 3 different lenders, and from a lender's perspective, their argument is that you could just drop out of school or not continue past the current semester, and then that "income" is gone.
Which in my eyes makes sense, but at the same time, anybody could also be laid off or fired from their job tomorrow as well, but that income counts!