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Does the VA allow for substitution of entitlement?

After original veteran borrowers are released of liability, they may request a substitution of entitlement (SOE) from VA when the purchaser-assumer is an eligible veteran with sufficient entitlement.

What is VA Form 1802a?

VA Form 26-1802a is a joint form also used by lenders applying for HUD/FHA insured loans. Firms participating in these guaranty or insurance programs have the benefit of a common form and, therefore, a lesser burden than would be required were they to use separate Agency forms.

What is a VA addendum?

0:10 2:44 This key document is required on all VA purchases. The amendment to contract contingency protectsMoreThis key document is required on all VA purchases. The amendment to contract contingency protects the VA buyers earnest money if they walk away from a deal because the appraised.

Who is your nearest living relative?

If you have lived with a relative or are cared for by one of your relatives, they will become your nearest relative. So for example, if your sister is your carer but you also have a father, in this situation your sister would be your nearest relative.

nearest living relative statement

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