b. Circumstances Requiring Additional Documents (continued)

Circumstances

Required Documentation

Postponed completion of exterior improvements

·   VA Form 26-1847, Request for Postponement of Offsite or Onsite Improvements-Home Loan, and

·   VA Form 26-1849, Escrow Agreement for Postponed Exterior Onsite Improvements, or

·   VA Form 26-6378, Escrow Agreement for Postponed Exterior Offsite Improvements.

Reference:  See section 9 of chapter 9.

Loan involves use of an attorney in fact

Power of attorney meeting the requirements  described in section 7 of chapter 9, including written evidence of the veteran’s consent to the specific transaction plus the lender certification found under the “Requirements” heading. [ ].

Veteran intended to sell property on which he/she has an existing VA loan prior to closing on the new VA loan, in order to have entitlement restored

·   A completed VA Form 26-1880, Request for a Certificate of Eligibility for VA Home Loan Benefits, and

·   evidence that the veteran has sold the property and either

-   evidence that the veteran has fully repaid the prior loan, or

Note:  a HUD-1 settlement statement clearly showing sale of the property by the veteran and pay-off of the prior VA loan satisfies this requirement.

-   documentation that the veteran can be released from liability and the assumer meets the requirements for substitution of entitlement.