m. Examples

Two veteran loans

Veterans and Available Entitlement

Total Loan Amount

Maximum Potential Guaranty

Additional Entitlement Use Per Vet

Total Entitlement Charge Per Vet

Total Guaranty on Loan

Vet 1 $36,000

Vet 2 $36,000

$100,000

$36,000

$0

$0

$18,000

$18,000

$36,000

Vet 1 $15,000

Vet 2 $20,000

$203,000

$60,000

$10,375

$5,375

$25,375

$25,375

$60,000

Vet 1 $36,000

Vet 2 $36,000

$300,000

$60,000

$0

$0

$25,375

$25,375

$60,000

Vet 1 $23,500

Vet 2 $8,500

$80,000

$32,000

$0

$0

$23,500

$8,500

$32,000

Vet 1 $0

Vet 2 $0

Vet 3 $6,500

$300,000

$60,000

$24,000

$24,000

$24,000

$20,000

$20,000

$20,000

$60,000

Quick Reference For Calculation Used

Step

Action

1

Calculate the maximum potential guaranty on the total loan amount, using the maximum guaranty table in section 4 of chapter 3.

2

VA will make a charge to entitlement up to the amount arrived at in Step 1.

·   VA will divide the charge equally between all veterans if possible. 

·   Add up to $24,000 per veteran if the loan is greater than $144,000.

Note:  The last two examples on the example chart would require a written agreement from the veterans to make unequal charges to their entitlement.