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I’m currently enrolled in a debt consolidation program or Consumer Credit Counseling Services (CCCS). How long do I need to wait before I’m eligible for the VA loan?

April 26, 2017CCCs consumer credit counseling Currently debt consolidation Enrolled I’m program Services wait

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I’m currently enrolled in a debt consolidation program or Consumer Credit Counseling Services (CCCS). How long do I need to wait before I’m eligible for the VA loan?

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VA stance on CCCS is similar to a Chapter 13 bankruptcy where the CCCS has negotiated with the creditors a repayment plan for their clients. VA requires proof of 12 on time payments and the veteran has approval by their CCCS for the loan before the veteran is eligible for a VA mortgage.