VA Loan Amounts - Veteran Lending

VA Loan Amounts


The VA loan entitlement is a benefit for military veterans, made available after the service member has served a minimum amount of time in uniform. According to VA.gov, currently serving military members and recently discharged veterans are eligible for the VA loan benefit as follows: “If you are now on regular duty (not active duty for training), you are eligible after having served 181 days (90 days during the Gulf War) unless discharged or separated from a previous qualifying period of active duty service.” There are a few common misconceptions about the VA home loan benefit. For example, many assume that the Department of Veterans Affairs lends money and is responsible for the VA loans; this is not true. The VA provides a guarantee for the loan to the private lender who approves
The VA appraisal is a very important part of the house buying process. A VA fee appraiser’s job is to walk through the home to be purchased, view