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8 Cards in this Set
- Front
- Back
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The VA "insures" a certain amount of loss, but ____ |
not necessarily 100% of lender's losses. G1170.23 |
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VA loans can have ____% LTV: |
100%. G1170.23 |
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VA loans do or do not require a credit score? |
Do not. But credit history is examined. G1170.23 |
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Each veteran is given a __________, indicating how much the VA will guarantee their loans. |
Certificate of Eligibility. G1170.23 |
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An "appraisal" on a home considered for a VA loan is called a _______________ |
Certificate of reasonable value. G1170.23 |
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The guaranteed amount of a VA loan can vary depending on _________ |
the vet, and his/her service record. G1170.23 |
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The guarantee on a VA loan is a _________ amount. |
fixed. G1170.23 |
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The VA pays a lender for losses only after ______ |
the home is foreclosed on, and only if the lender does NOT recoup their losses. G1170.23 |
