Form 26-6393 Loan Analysis

OMB Control No. 2900-0523
Respondent Burden: 30 minutes
Expiration Date: XX/XX/20XX
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: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control
number. The OMB control number for this project is 2900-0523, and it expires XX/XX/20XX. Public reporting burden for this collection of information is estimated to average 30 minutes per
respondent, per year, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of
information. Send comments regarding this burden estimate and any other aspect of this collection of information, including suggestions for reducing the burden, to VA Reports Clearance
Officer at vapra@va.gov. Please refer to OMB Control No. 2900-0523 in any correspondence. Do not send your completed VA Form 26-6393 to this email address.

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

9. UTILITIES INCLUDED

10. SPOUSE'S AGE

YES

6. NUMBER OF YEARS AT
PRESENT EMPLOYMENT

11. OCCUPATION OF SPOUSE

NO

7. LIQUID ASSETS (Cash,

8. CURRENT MONTHLY
HOUSING EXPENSE

$

$

12. NUMBER OF YEARS AT
PRESENT EMPLOYMENT

13. AGE OF DEPENDENTS

savings, bonds, etc.)

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
14.

AMOUNT

TERM OF LOAN:

ITEMS

YRS.

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

$

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?
NO

$

RETIREMENT OR SOCIAL SECURITY

35.

YES

45b. SELECT SYSTEM USED (Check appropriate box) 45c. RISK CLASSIFICATION
LP

(If "YES," complete Item 45b)

DU

OTHER

47. BORROWER CAIVRS

50. PAST CREDIT RECORD

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

UNSATISFACTORY

YES

$

$

46. BORROWER MEDIAN CREDIT SCORE

SATISFACTORY

TOTAL

ACCEPT

48. CO-BORROWER MEDIAN CREDIT SCORE

REFER

49. CO-BORROWER CAIVRS

52. VA APPROVED UNDERWRITER ID (Not
required for Supervised Lenders)

NO

53. REMARKS (If additional space is needed, use reverse or attach a separate sheet)

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 SIGNED

55. SIGNATURE OF VA APPROVED UNDERWRITER

56. FINAL ACTION
APPROVE
APPLICATION
VA FORM
XXX XXXX

26-6393

57. DATE SIGNED

58. SIGNATURE AND TITLE OF APPROVING OFFICIAL

REJECT
APPLICATION
SUPERSEDES VA FORM 26-6393, AUG 2022,
WHICH WILL NOT BE USED.

%