For loans guaranteed by the Department of Veterans’ Affairs (“VA loans”), when the income from a non-military employed person is used to qualify for a loan, 38 CFR § 36.4340(f) and VA Lender’s Handbook ch. 4, 2-e require a lender to verify that such person has been employed by their present employer for at least two years. Part of the documentation required for such verification is VA Form 26-8497, which is available online at http://www.va.gov/vaforms/form_detail.asp?FormNo=26-8497 (see also Ibid. ch. 5, 4-c and VA Circ. 26-12-6).
We will begin providing an “upon request” version of this document for any interested clients. Once requested, it will print in Processing and Verification packages.
Cx17513 will be available for printing on November 20, 2013. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
November 13, 2013