What is the VA residual income table?
VA publishes minimum residual income amounts by family size and U.S. region (Northeast, Midwest, South, West). Larger families need more residual; loans above $80k use a higher table than smaller loans.
What this actually means.
The table has two axes: family size (1 through 5+) and region. Florida sits in the South region. Loans above $80,000 use one table tier; below that, a slightly lower tier applies. Maintenance and utilities are estimated at roughly 14 cents per square foot per month and added to the deductions. The published minimums change rarely but should be confirmed against current VA guidance.
Where this can move.
Family size, household region (Florida = South), full housing payment, monthly debts, and an estimated maintenance/utilities figure all affect residual.
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More VA questions on Residual Income.
Educational only. VA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with the VA, HUD, or any government agency.