If you are interested in applying for a VA loan, you may not realize that the VA uses something known as Residual Income as a requirement for the loan. Residual income is basically what money you have left at the end of the month after all your bills and/or expenses have been taken into account. To familiarize yourself further please see the chart below. Tennessee information will be found in the 3rd column which is the South region. But we do know that not everyone will be staying in this state, so all regions have been included. For additional information please call/text me at: 931-237-1417.