VA Form 26-6393 Loan Analysis

OMB Control No. 2900-0523
Respondent Burden: 30 minutes
Expiration Date: XX/XX/XXXX
LOAN NUMBER

LOAN ANALYSIS

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

3. CASH DOWN PAYMENT ON PURCHASE
PRICE

$

$

SECTION B - BORROWER'S PERSONAL AND FINANCIAL STATUS

4. APPLICANT'S AGE

5. OCCUPATION OF APPLICANT

9. UTILITIES INCLUDED

10. SPOUSE'S AGE

YES

2. AMOUNT OF LOAN

6. NUMBER OF YEARS AT
PRESENT EMPLOYMENT

11. OCCUPATION OF SPOUSE

7. LIQUID ASSETS (Cash,

8. CURRENT MONTHLY
HOUSING EXPENSE

$

$

12. NUMBER OF YEARS AT
PRESENT EMPLOYMENT

13. AGE OF DEPENDENTS

savings, bonds, etc.)

NO

NOTE: ROUND ALL DOLLAR AMOUNTS BELOW TO NEAREST WHOLE DOLLAR
SECTION D - DEBTS AND OBLIGATIONS
(Itemize and indicate by ( ) which debts considered in Section E, Line 40)
(If additional space is needed please use reverse or attach a separate sheet)

SECTION C- ESTIMATED MONTHLY SHELTER EXPENSES
(This Property)
ITEMS

AMOUNT

TERM OF LOAN:

14.

YRS.

ITEMS
22.

UNPAID BAL.

$

$

$

$

23.

15.

MORTGAGE PAYMENT
(Principal and Interest) @

16.

REALTY TAXES

25.

17.

HAZARD INSURANCE

26.

18.

SPECIAL ASSESSMENTS

27.

19.

MAINTENANCE & UTILITIES

28.

20.

OTHER (HOA, Condo fees, etc.)

29.

21.

MO. PAYMENT

( )

%

24.

$

30.

$

TOTAL

JOB RELATED EXPENSE
(e.g., child care)
TOTAL

SECTION E - MONTHLY INCOME AND DEDUCTIONS
ITEMS
31.

BORROWER

GROSS SALARY OR EARNINGS FROM EMPLOYMENT

32.

FEDERAL INCOME TAX

33.

STATE INCOME TAX

34.

SPOUSE

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

44.

.
RATIO (Sum of Items 15, 16, 17, 18, 20 and 40 ___
. sum of Items 31 and 38)

$
GUIDELINE

45a. WAS AN AUTOMATED UNDERWRITING SYSTEM USED?
YES

TOTAL

45b. IF YES, WHICH SYSTEM?
LP

NO

46. BORROWER MEDIAN CREDIT SCORE

$

47. BORROWERS CAIVRS

DU

$

45c. RISK CLASSIFICATION
OTHER

48. CO-BORROWER MEDIAN CREDIT SCORE

ACCEPT

REFER

49. CO-BORROWER CAIVRS

50. PAST CREDIT RECORD
SATISFACTORY

51. DOES LOAN MEET VA CREDIT STANDARDS? (Give reasons for decision 52. VA APPROVED UNDERWRITER ID (Not
under "Remarks," if necessary, e.g., borderline case)
required for Supervised Lenders)
UNSATISFACTORY
YES
NO

53. REMARKS (Use reverse or attach a separate she, if necessary)

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.)
54. DATE

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

56. FINAL ACTION
APPROVE
APPLICATION
VA FORM
XXX XXXX

57. DATE

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

REJECT
APPLICATION

26-6393

SUPERSEDES VA FORM 26-6393, AUG 2019,
WHICH WILL NOT BE USED.

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