In this Chapter

This chapter contains the following topics.

Topic

Topic Name

See Page

1

Basic Elements of a VA-Guaranteed Loan

3-2

2

Eligible Loan Purposes

3-5

3

Maximum Loan

3-7

4

Maximum Guaranty on VA Loans

3-10

5

Occupancy

3-12

6

Interest Rates

3-16

7

Discount Points

3-17

8

Maturity

3-19

9

Amortization

3-20

10

Eligible Geographic Locations for the Secured Property

3-22

11

What Does VA Guaranty Mean to the Lender?

3-23

12

Post-Guaranty Issues

3-26