Legal Briefs Spring 2001 - U S Department of Veterans Affairs Clarification of VHA policy on the use-2025

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What are government mortgage loans? Government-insured mortgage loans, like VA and FHA loans, were established specifically to help veterans and moderate-income Americans successfully walk the path to homeownership.
The Under Secretary for Health directs a health care system with an annual budget of approximately $68 billion, overseeing the delivery of care to more than 9.1 million enrolled Veterans.
VHA Directive 1188, Animals on Veterans Health Administration (VHA) Property includes clarification that a service animal can only be a dog that is individually trained to do work or perform tasks to assist a person with a disability.
VA Income Limits 2021 In 2021, the VA National Income Thresholds were as follows: $34,616 or less if you have no dependents. $41,539 or less if you have one dependent.
Each veteran has a guaranty entitlement, which is a minimum of $36,000 and a maximum of 25 percent of the county loan limit. The guaranty is the amount VA will pay the lender in the event of a foreclosure. The guaranty effectively takes the LTV ratio down to 75 percent, and negates the need for a down payment.
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Although the VA loan is a federal program, the government generally does not make direct loans to Veterans. Instead, private lenders including Veterans United Home Loans finance the loan while the Department of Veterans Affairs offers a guaranty.
VA loans are available from local lenders This benefit is available from private companies, not the government itself. The Department of Veterans Affairs does not take applications, approve the loans, or issue funds. Private banks, credit unions, and mortgage companies do that. The VA provides insurance to lenders.

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