Loan Guaranty: Credit Standards

This document amends the Department of Veterans Affairs (VA) loan guaranty regulations regarding credit standards used by lenders to evaluate the creditworthiness of veteran-borrowers for home loans. VA is committed to regular review and revision of the standards used to determine the creditworthiness of veteran-applicants as issues arise and as the mortgage industry changes. These changes are designed to keep VA in step with the rest of the home mortgage industry, at least to an extent appropriate for a Government benefit-related mortgage program.