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Certificate Of EligibilityThe document given to qualified veterans which entitles them to VA guaranteed loans for homes, business, and mobile homes. Certificates of eligibility may be obtained by sending DD-214 (Separation Paper) to the local VA office with VA form 1880 (request for Certificate of Eligibility). |
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Related Mortgage Definitions: VA Loan VA Loan A VA loan is a mortgage loan in the United States guaranteed by the US Veterans Administration. The loan may be issued by qualified lenders. Available only to veterans possessing a Certificate of Eligibility. Purchasing a home with a VA Loan is not as difficult as ... more... Certificate of Eligibility Certificate Of Eligibility The document given to qualified veterans which entitles them to VA guaranteed loans for homes, business, and mobile homes. Certificates of eligibility may be obtained by sending DD-214 (Separation Paper) to ... more... Conventional Loan Conventional loan Conventional mortgage - a mortgage not insured by FHA or guaranteed by the VA. A convention loan may be conforming or non-conforming. ... more... Certificate Of Reasonable Value Certificate Of Reasonable Value An appraisal issued by the Veterans Administration showing the property's current market value. ... more... |