e. Item 44,  Balance Available for Family Support (continued)

Special Instructions for Using Tables (continued)

Exception:  The lender may omit any individuals from “family size” who are fully supported from a source of verified income which, for whatever reason, is not included in effective income in the loan analysis.  For example

·   a spouse not obligated on the note who has stable and reliable income sufficient to support his or her living expenses, or

·   a child for whom sufficient foster care payments or child support is received regularly.

Reduce the residual income figure (from the following tables) by a minimum of 5% if

·   the applicant or spouse is an active-duty or retired serviceperson, and

·   there is a clear indication that he or she will continue to receive the benefits resulting from use of military-based facilities located near the property.

Use 5% unless the VA office of jurisdiction has established a higher percentage, in which case, apply the specified percentage for that jurisdiction.

A key to the geographic regions is listed in the following tables.

Table of Residual Incomes by Region

For loan amounts of $79,999 and below

Family Size

Northeast

Midwest

South

West

1

$390

$382

$382

$425

2

$654

$641

$641

$713

3

$788

$772

$772

$859

4

$888

$868

$868

$967

5

$921

$902

$902

$1,004

over 5

Add $75 for each additional member up to a family of 7.