what does veteran’s basic entitlement mean

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"Q: How much is my entitlement? A: Your basic entitlement is $36,000. For loans in excess of $144,000 to purchase or construct a home, additional entitlement up to an amount equal to 25 percent of the VA county loan limit for a single family home may be available. VA county loan limits, which can change yearly, are available at this link. The loan limits are the amount a qualified veteran with full entitlement may be able to borrow without making a downpayment."

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But that’s not what it really means, at least in practical terms. Veterans who are eligible for a VA loan have an entitlement, which is basically a dollar amount the VA promises to repay back to a lender in the event you default on your mortgage. Check out our detailed look at the VA loan process here. The basic, or primary, entitlement is $36,000.

The Definition of a War Veteran – VA.org – However, according to the U.S federal law definition, veterans are persons that have. "cookie-cutter" definition that simply translates into veteran’s entitlements.. As for hazardous duty pay that does not signify combat or war time service.. in you not graduating basic training you are eligible for VA benefits/compensation.

VA Loan with Zero Entitlement What Mean Basic Does Entitlement Veteran’S – Philsellsaz – Understanding the VA Loan Bonus Entitlement | LendingTree – If you’re an eligible veteran, your basic entitlement guarantees that the VA will pay up to $36,000, or 25% of your loan amount if you default, whichever is less. However, that does not mean you’re limited to borrowing up to $36,000 from a VA-approved lender.

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"Entitlement" simply means the maximum amount of money the Department of Veterans Affairs can guarantee a VA lender for a specific borrower. Entitlement amounts vary by veteran based on service and financial records and the borrower’s ability to pay back the loan.