MortgageCurrentcy Subscriber Library

Description:

VA does not provide loan limits, only a guaranty of the percentage financed. If an eligible Veteran with partial entitlement seeks a loan of more than $144,000, the CLL [Conforming Loan Limit] is part of the formula to calculate remaining entitlement.  In such cases, the amount of remaining entitlement is calculated by taking 25 percent of the CLL and subtracting the previously used entitlement that was not restored.

Document type:

  • Agency Bulletin/Form

Agency:

VA

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