What the rating can affect

A 100% VA disability rating does not automatically approve you for a home loan, and it does not stop you from getting one either.

• The funding fee. Veterans who receive VA disability compensation are generally exempt from the VA funding fee. See our funding fee exemption page.
• Income. VA disability compensation is generally treated as income by lenders. It is also not taxed, and some lenders account for that when they calculate what you qualify for. Ask your lender how they treat it.
• Property tax relief. Missouri and Kansas both have programs that can reduce property taxes for some disabled veterans. Rules and eligibility vary by county and by state, so check with your county assessor before relying on one.

What a lender still looks at

The rating does not replace the usual review. Lenders still look at credit history, other income, existing debts, the property, and the appraisal. VA loans have minimum property standards the home has to meet.

Documents to gather

• VA award letter showing your rating and monthly compensation
• Certificate of Eligibility (your lender can pull this)
• Recent pay stubs or other income documents, if you have them
• Two years of tax returns if you are self-employed
• Bank statements

Who it fits

Veterans with a service-connected rating who are buying a primary residence in Missouri or Kansas. Surviving spouses of veterans may also be eligible under certain conditions. Ask about your situation.

Talk it through

I am a mortgage broker licensed in Kansas and Missouri. If you want to know where you stand before you start looking at homes, text or call me.

Call or text Steve at 913.530.8133.

Steven Clune, NMLS 2798604 | Nexa Lending, NMLS 1660690 | Licensed in Kansas and Missouri | Equal Housing Opportunity

Veteran resources

See our Kansas City veteran home buying resources for local VA offices and property tax relief.