 The VA guarantee is the amount VA may pay a lender in the event of loss due to a Foreclosure  The VA guaranty or a combination of the VA guaranty plus the borrower's down payment and/or equity, must be equal to at least 25% of the subject property's estimated reasonable value as documented in the Notice of Value (NOV)  The maximum guaranty on a VA loan is the lesser of the veteran's available entitlement or the maximum potential guaranty amount indicated  The percentage and amount of guaranty is based on the loan amount including the funding fee portion when the fee is paid from loan proceeds.
{"Image DocumentName": "Understanding VA Guaranteed Home Loans", "Image ImageDescription": "Maximum Guaranty. The VA guarantee is the amount VA may pay a lender in the event of loss due to a Foreclosure. The VA guaranty or a combination of the VA guaranty plus the borrower\u2019s down payment and/or equity, must be equal to at least 25% of the subject property\u2019s estimated reasonable value as documented in the Notice of Value (NOV) The maximum guaranty on a VA loan is the lesser of the veteran\u2019s available entitlement or the maximum potential guaranty amount indicated. The percentage and amount of guaranty is based on the loan amount including the funding fee portion when the fee is paid from loan proceeds. Only 2% discount points may be financed; rest can be paid in cash. Appraisal or Credit report may be required by investor \u2013 fee can be included in loan. 29. Understanding VA Guaranteed Home Loans. 29.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}