VA Calculator
How to Use Our VA Financing Calculator
Step 1: Enter Your Foundational Pre-approval Amount: This is the base loan amount you have been pre-approved for, representing the purchase price you can afford with zero rental income. Provided by your VA lender.
Step 2: Enter Increments Above the Foundational Amount: These increments above your foundational pre-approval amount are provided by your lender based on your qualifications.
Step 3: Enter Rents Needed per Increment Above the Foundational Amount: This is the rental income required for each increment above your foundational amount, provided by your lender.
Step 4: Enter the Property Information: Input the property details such as price, number of units, and rents
Do you need help?
Please Note: The values for the first three fields must be obtained from a qualified VA lender. These are essential for accurately determining your property eligibility. Property details like price, number of units, and rents are specific to each property and not provided by the lender.
The calculator will automatically assume that the VA buyer will occupy the unit with the lowest rent. Therefore, the rents needed to qualify exclude the rent from the unit the buyer will occupy, and this calculation is done for you.
Please be aware that information provided by this VA Calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a loan professional prior to relying on results.
This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only. Sage Real Estate does not guarantee any of the information obtained by any calculator.
Watch Our Latest Videos
Guide to Definitions
Disclaimer: The calculations derived from the VA Calculator or otherwise advertised are for illustrative purposes only, contain samples and estimates, and do not necessarily reflect all potential HOA fees, real estate taxes, homeowner’s insurance, hazard insurance, mortgage insurance or special assessments. Actual loan interest rates and payments are based on multiple factors including market conditions, points, loan amount, loan-to-value, borrower’s credit, property type and occupancy. This is not an offer to lend. Forecasts, projections, and other predictive statements should never be relied upon. You should consult your own accounting, legal and tax advisors to evaluate the risks, consequences, and suitability of any real estate transaction. Sage Real Estate makes no guarantees as to market conditions. Real estate market conditions involve risks, variables and uncertainties that may cause the real estate values to differ materially from geographic area, time frames, and product types.