Tag: prior approval

Process for Veteran’s Request for VA Prior Approval on Denied Loan

Question: Will VA still permit the practice of sending a loan to VA for prior approval when the loan has been denied by the lender, but the Veteran and originator believe the loan should be approved? Answer: Per this excerpt from the VA Lenders Handbook below, VA does not allow submissions for approval as a […]

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VA – Two Unmarried Veterans Using Partial Eligibility

Question: Does a file with two unmarried veterans who are using partial eligibility still need to have prior approval from VA? Answer: Chapter 7 of the VA Handbook was revised in March of 2019.  The guideline below is still in effect as the Blue Water Act Circulars did not alter the requirement as stated below. […]

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