VA Guaranteed definition

VA Guaranteed means guaranteed by the VA under the Serviceman’s Readjustment Act of 1944, as amended.

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VA Guaranteed means guaranteed as to the payment of principal and interest.

VA Guaranteed means guaranteed by the VA under the Serviceman’s Readjustment Act of 1944, as amended, meeting the requirements of the GNMA Guide.

Examples of VA Guaranteed in a sentence

• The Mortgage Lender is (i) if originating FHA Insured Mortgage Loans, an FHA-approved mortgagee in good standing, (ii) if originating VA Guaranteed Mortgage Loans, an eligible lender in good standing for VA-Guaranteed Mortgage Loans, or (iii) if originating USDA Rural Development Guaranteed Mortgage Loans, an eligible lender in good standing for USDA Rural Development Guaranteed Mortgage Loans.

• Mortgage Lender shall only originate Mortgage Loans of the type described in the preceding clauses if the representation is true with respect to such clause (e.g., the Mortgage Lender shall not originate VA Guaranteed Mortgage Loans unless the Mortgage Lender is an eligible lender in good standing for VA Guaranteed mortgage loans).

• The loan shall be 69 secured by (Check all that apply): ☐ 70 Fixed Rate Mortgage 71 ☐ Adjustable Rate Mortgage 72 ☐ Rural Development 73 ☐ VA Guaranteed Mortgage FHA Insured Mortgage ☐ ☐ Owner Financing ☐ Bond Financing ☐ Conventional Mortgage 74 ☐ Other 75 76 The BUYER agrees to pay discount points not to exceed 77 ( _) % of the loan amount.

• All Mortgage Loans shall be FHA Insured, HUD Guaranteed, VA Guaranteed or RD Guaranteed, as applicable or insured by the PMI Insurer, if applicable.

• The Contract is contingent upon Buyer qualifying for a VA Guaranteed Loan in the amount of $ plus VA Funding Fee, if applicable.

• The loan shall be 69 secured by (Check all that apply): 70 ☐ Fixed Rate Mortgage ☐ FHA Insured Mortgage 71 ☐ Adjustable Rate Mortgage ☐ Owner Financing 72 ☐ Rural Development ☐ Bond Financing 73 ☐ VA Guaranteed Mortgage ☐ Conventional Mortgage 74 ☐ Other 75 76 The BUYER agrees to pay discount points not to exceed 77 ( _) % of the loan amount.

• The Servicer shall, upon receipt of such originals and certified copies, if applicable, file copies of same with the related Mortgage File and shall forward original documents to the Custodian under the ▇▇▇▇▇▇ Mae Custodial Agreement for FHA Insured, HUD Guaranteed, or VA Guaranteed Mortgage Loans and to the Custodian under the ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac Custodial Agreement for Conventional Mortgage Loans.

• The loan shall be secured by: � � � � 61 Fixed Rate Mortgage 62 Adjustable Rate Mortgage 63 Rural Development 64 VA Guaranteed Mortgage 65 FHA Insured Mortgage Owner Financing Bond Financing � Other 66 Fees paid by SELLER that are required by lender, if any, shall not exceed $ _.

• The Commission shall announce in the Program Announcement with respect to each bond issue, the maximum dollar amount, if any, of FHA Insured Mortgage Loans, VA Guaranteed, HUD Guaranteed or RD Guaranteed Mortgage Loans and Conventional Mortgage Loans, respectively, that the Servicer may purchase under the Program.

• The loan shall be secured by (Check all that apply): 71 ☐ Fixed Rate Mortgage ☐ FHA Insured Mortgage 72 ☐ Adjustable Rate Mortgage ☐ Owner Financing 73 ☐ Rural Development ☐ Bond Financing 74 ☐ VA Guaranteed Mortgage ☐ Conventional Mortgage 75 ☐ Other 76 77 The BUYER agrees to pay discount points not to exceed N/A 78 ( N/A ) % of the loan amount.

More Definitions of VA Guaranteed

VA Guaranteed means guaranteed in part by the VA.

VA Guaranteed means guaranteed by VA under the Serviceman’s Readjustment Act of 1944, as amended. The sum of the VA guaranty plus any down payment by the Mortgagor must equal twenty-five percent (25%) of the lesser of the Purchase Price or the appraised value of the Secured Property.

VA Guaranteed means guaranteed by the Veterans Administration, an agency of the United States of America, or any successor to its functions, under the Serviceman’s Readjustment Act of 1944, as amended.