POL SCI 1 Lecture Notes - Lecture 4: Dd Form 214, Refinancing, Fide
18 Sep 2017
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In this chapter this chapter contains the following topics. How to establish the applicant"s eligibility for a va loan. How to apply for a certificate of eligibility. 2 what the certificate of eligibility tells the lender. Exhibit 1-a: quick reference table for va eligibility. Chapter 2: veteran"s eligibility and entitlement: how to establish the applicant"s eligibility for a va loan. April 2, 2010, change 13: this section has been updated to reflect significant changes in eligibility and entitlement, what is. Eligibility means the veteran meets the basic criteria of appropriate length and character of service to utilize the home loan benefit. Entitlement, which will be discussed later, is the amount a veteran may have available for a guaranty on a loan. An eligible veteran must still meet credit and income standards in order to qualify for a va-guaranteed loan: the lender"s. Before processing and closing a loan for an applicant, the lender must ensure the applicant is an eligible veteran.
