Form 26 6393 PDF Details

The significance of the 26 6393 form, a document integral to the process of securing a VA guaranteed loan, emerges through its meticulous collection of data spanning from personal and financial status to the specificities of loan analysis. Instituted under the Office of Management and Budget (OMB) Control No. 2900-0523, this form not only imposes a respondent burden of 30 minutes but also underscores the importance of adhering to the Privacy Act of 1974, ensuring confidentiality and secure handling of veterans' information. Its sections expertly navigate through loan data, borrower's financial situation, estimated monthly expenses, and income details, culminating in a rigorous assessment to ascertain a veteran's eligibility. Key to this process are the respondent's obligations, where failure or inaccuracy can significantly impede the journey to loan approval. The form serves as a bridge between veterans and their aspirations of homeownership, operationalizing the provisions of Title 38, USC, section 3710 with its detailed inquiry. Moreover, the form's dynamic structure, allowing for detailed remarks and underwriter's certification, encapsulates a comprehensive approach to evaluating eligibility, further aligning with the Veterans Affairs Department's commitment to facilitating homeownership among veterans. Thus, the 26 6393 form emerges as a pivotal instrument within the VA loan guaranty program, encapsulating stringent data collection standards alongside providing a transparent and efficient pathway for veterans seeking loan approval.

QuestionAnswer
Form NameForm 26 6393
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesva loan analysis form 26 6393, blank va loan analysis, va form 26 6393 loan analysis, 26 6393

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OMB Control No. 2900-0523 Respondent Burden: 30 minutes Expiration Date: 08/31/2022

LOAN ANALYSIS

LOAN NUMBER

PRIVACY ACT INFORMATION: The VA will not disclose information collected on this form to any source other than what has been authorized under the Privacy Act of 1974 or Title 5, Code of Federal Regulations 1.526 for routine uses as (i.e., the record of an individual who is covered by this system may be disclosed to a member of Congress or staff person acting for the member when the request is made on behalf of the individual) identified in the VA system of records, 55VA26, Loan Guaranty Home, Condominium and Manufactured Home Loan Applicant Records, Specially Adapted Housing Applicant Records, and Vendee Loan Applicant Records - VA, published in the Federal Register. Your obligation to respond is required in order to determine the veteran's qualifications for the loan.

RESPONDENT BURDEN: This information is needed to help determine a veteran's qualifications for a VA guaranteed loan. Title 38, USC, section 3710 authorizes collection of this information. We estimate that you will need an average of 30 minutes to review the instructions, find the information, and complete this form. VA cannot conduct or sponsor a collection of information unless a valid OMB control number is displayed. You are not required to respond to a collection of information if this number is not displayed. Valid OMB control numbers can be located on the OMB Internet Page at: www.reginfo.gov/public/do/PRAMain. If desired, you can call 1-800-827-1000 to get information on where to send comments or suggestions about this form.

SECTION A - LOAN DATA

1. NAME OF BORROWER

 

 

 

 

 

 

 

2. AMOUNT OF LOAN

 

3. CASH DOWN PAYMENT ON PURCHASE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRICE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION B - BORROWER'S PERSONAL AND FINANCIAL STATUS

 

 

 

 

4. APPLICANT'S AGE

 

5. OCCUPATION OF APPLICANT

 

6. NUMBER OF YEARS AT

7. LIQUID ASSETS (Cash,

 

8. CURRENT MONTHLY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENT EMPLOYMENT

savings, bonds, etc.)

 

HOUSING EXPENSE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

$

 

 

9. UTILITIES INCLUDED

 

10. SPOUSE'S AGE

 

11. OCCUPATION OF SPOUSE

12. NUMBER OF YEARS AT

13. AGE OF DEPENDENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRESENT EMPLOYMENT

 

 

 

YES

NO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOTE: ROUND ALL DOLLAR AMOUNTS BELOW TO NEAREST WHOLE DOLLAR

 

 

 

 

 

 

 

 

 

 

SECTION C- ESTIMATED MONTHLY SHELTER EXPENSES

 

 

 

 

SECTION D - DEBTS AND OBLIGATIONS

 

 

 

 

 

 

(Itemize and indicate by ( ) which debts considered in Section E, Line 40)

 

 

 

 

 

 

(This Property)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(If additional space is needed please use reverse or attach a separate sheet)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ITEMS

 

 

AMOUNT

 

 

 

 

ITEMS

 

(

)

 

MO. PAYMENT

UNPAID BAL.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14.

 

TERM OF LOAN:

 

 

YRS.

 

 

 

22.

 

 

 

 

 

 

 

$

 

 

$

 

15.

 

MORTGAGE PAYMENT

 

 

 

23.

 

 

 

 

 

 

 

 

 

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Principal and Interest) @

$

24.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16.

 

REALTY TAXES

 

 

 

 

 

 

 

25.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17.

 

HAZARD INSURANCE

 

 

 

26.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18.

 

SPECIAL ASSESSMENTS

 

 

 

27.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19.

 

MAINTENANCE & UTILITIES

 

 

 

28.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20.

 

OTHER (HOA, Condo fees, etc.)

 

 

 

29.

 

JOB RELATED EXPENSE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(e.g., child care)

 

 

 

 

 

 

 

 

 

21.

 

 

 

 

 

TOTAL

 

 

$

30.

 

 

 

TOTAL

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SECTION E - MONTHLY INCOME AND DEDUCTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ITEMS

 

 

 

 

 

SPOUSE

 

 

BORROWER

TOTAL

 

31.

 

GROSS SALARY OR EARNINGS FROM EMPLOYMENT

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32.

 

 

 

FEDERAL INCOME TAX

 

 

 

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33.STATE INCOME TAX

34. DEDUCTIONS RETIREMENT OR SOCIAL SECURITY

35.OTHER (Specify)

36.

TOTAL DEDUCTIONS

$

$

$

 

 

37.NET TAKE-HOME PAY

38.PENSION, COMPENSATION OR OTHER NET INCOME (Specify)

39. TOTAL (Sum of lines 37 and 38)

$

$

$

40.LESS THOSE OBLIGATIONS LISTED IN SECTION D WHICH SHOULD BE DEDUCTED FROM INCOME

41. TOTAL NET EFFECTIVE INCOME

$

 

42.LESS ESTIMATED MONTHLY SHELTER EXPENSE (Line 21)

43.

BALANCE AVAILABLE FOR FAMILY SUPPORT

 

GUIDELINE

 

 

 

$

$

 

 

 

.

 

 

 

 

 

 

 

 

44.

 

___

sum of Items 31 and 38)

 

 

RATIO (Sum of Items 15, 16, 17, 18, 20 and 40 .

%

 

45. PAST CREDIT RECORD

46. DOES LOAN MEET VA CREDIT STANDARDS? (Give reasons for decision under "Remarks," if necessary, e.g.,

 

 

 

borderline case)

 

 

SATISFACTORY UNSATISFACTORY

YES

NO

 

 

47.REMARKS (Use reverse or attach a separate sheet, if necessary)

CRV DATA (VA USE)

48A. VALUE

48B. EXPIRATION DATE

48C. ECONOMIC LIFE

YRS.

 

 

SECTION F - DISPOSITION OF APPLICATION AND UNDERWRITER CERTIFICATION

 

Recommend that the application be approved since it meets all requirements of Chapter 37, Title 38, U.S. Code and applicable VA Regulations and directives.

Recommend that the application be disapproved for the reasons stated under "Remarks" above.

 

The undersigned underwriter certifies that he/she personally reviewed and approved this loan. (Loan was closed on the automatic basis.)

 

49. DATE

 

 

50. SIGNATURE OF VA APPROVED UNDERWRITER (Sign in ink)

 

 

 

 

 

51. FINAL ACTION

 

52. DATE

53. SIGNATURE AND TITLE OF APPROVING OFFICIAL (Sign in ink)

APPROVE

REJECT

 

 

 

APPLICATION

APPLICATION

 

 

 

 

 

 

 

 

AUG 2019

26-6393

WHICH WILL NOT BE USED.

 

 

VA FORM

 

 

SUPERSEDES VA FORM 26-6393, JUN 2016,

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portion of gaps in va loan analysis form

In the MORTGAGE PAYMENT Principal and, REALTY TAXES, HAZARD INSURANCE, SPECIAL ASSESSMENTS, MAINTENANCE UTILITIES, OTHER HOA Condo fees etc, TOTAL, JOB RELATED EXPENSE eg child care, TOTAL, SECTION E MONTHLY INCOME AND, SPOUSE, BORROWER, GROSS SALARY OR EARNINGS FROM, FEDERAL INCOME TAX, and STATE INCOME TAX area, write down the information you have.

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Put down the expected data while you're on the TOTAL Sum of lines and, LESS THOSE OBLIGATIONS LISTED IN, TOTAL NET EFFECTIVE INCOME, LESS ESTIMATED MONTHLY SHELTER, BALANCE AVAILABLE FOR FAMILY, RATIO Sum of Items and, sum of Items and, GUIDELINE, PAST CREDIT RECORD, DOES LOAN MEET VA CREDIT, SATISFACTORY, UNSATISFACTORY, YES, REMARKS Use reverse or attach a, and A VALUE segment.

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