VA Form 26-6393 Loan Analysis: Download & Guide – VA Form 26-6393: Loan Analysis is a critical document in the VA home loan process. It helps lenders and VA underwriters evaluate a veteran’s (or service member’s) ability to qualify for a VA-guaranteed loan.
This form summarizes key financial details, including income, debts, housing expenses, and credit information, to determine if the loan meets VA credit standards. The most current version (September 2025) supersedes prior editions and remains valid through its OMB expiration date of 09/30/2028.
Download the official VA Form 26-6393 here:
Download VA Form 26-6393 (PDF)
What Is VA Form 26-6393?
VA Form 26-6393, titled Loan Analysis, is completed primarily by lending institution employees (with VA oversight) to assess borrower qualifications for VA-guaranteed loans. It consolidates financial data from various sources into one document for efficient underwriting review.
The form supports compliance with VA underwriting standards under 38 CFR § 36.4340 and is required for loans subject to these rules. It captures details that help determine residual income, debt-to-income ratios, and overall creditworthiness.
Purpose of the Loan Analysis Form
The primary purpose is to help VA-approved underwriters decide whether to approve or reject a VA loan application. It provides a snapshot of:
- Borrower and co-borrower (if applicable) personal and financial status.
- Estimated monthly shelter expenses.
- Debts and obligations.
- Income and deductions.
- Credit information and automated underwriting results.
This streamlines the process, allowing underwriters to quickly identify strengths, weaknesses, or areas needing more documentation. Lenders use it alongside other forms like the VA Loan Summary Sheet (26-0286).
Key Sections of VA Form 26-6393
The form is organized into clear sections (based on the September 2025 revision):
Section A – Loan Data
Includes basic loan details such as borrower name, loan amount, cash down payment, and property information.
Section B – Borrower’s Personal and Financial Status
Covers age, employment history, liquid assets, current housing expenses, spouse/dependent information, and more.
Section C – Estimated Monthly Shelter Expenses
Details projected costs for the new home, including principal & interest, taxes, insurance, maintenance, utilities, HOA/condo fees, etc.
Section D – Debts and Obligations
Lists all debts (with monthly payments and unpaid balances), including job-related expenses like child care.
Section E – Monthly Income and Deductions
Calculates gross income, deductions, net take-home pay, other income, total obligations, residual income, and key ratios. It also includes fields for automated underwriting system (AUS) usage, median credit scores, CAIVRS, past credit record, and whether the loan meets VA standards.
Section F – Disposition of Application and Underwriter Certification
The underwriter recommends approval/rejection, provides remarks, and certifies the decision. Includes VA-approved underwriter ID.
Who Completes and Uses VA Form 26-6393?
- Lenders/underwriters: Primarily complete the form using verified borrower information.
- VA: Reviews it for loans requiring prior approval or quality control.
- Borrowers: Provide supporting documentation (pay stubs, tax returns, credit reports, etc.) but typically do not fill out the form themselves.
For automated underwriting cases, the underwriter’s signature may not be required on the form, but a VA-approved underwriter must still approve the loan.
Recent Updates to the Form
The September 2025 version includes enhancements for better data capture, particularly in credit and underwriting sections (e.g., lines 45-52 for AUS results, credit scores, etc.). Updates ensure alignment with current VA guidelines. Always use the latest form to avoid processing delays.
How the Form Impacts VA Loan Approval?
Underwriters analyze:
- Residual Income: Balance available for family support after housing and debts.
- Debt Ratios: Compared against VA guidelines.
- Credit History: Including median credit scores and past record.
- Compensating Factors: Noted in “Remarks” for borderline cases.
A well-prepared form with accurate data and strong compensating factors (if needed) can support approval even in challenging cases.
Tips for Veterans Applying for a VA Loan
- Gather all financial documents early (income verification, debts, assets).
- Review your credit report and address issues proactively.
- Work closely with a VA-approved lender experienced in VA loans.
- Ensure the lender uses the current form version.
- Be prepared for underwriter questions or requests for additional explanations in the Remarks section.
Official Resources:
This form is one important piece of the VA loan puzzle. Understanding it helps veterans navigate the process more confidently toward homeownership with the benefits of a VA-guaranteed loan. Consult a VA-approved lender or the official VA website for personalized guidance, as rules can be updated.