Sentences with phrase «entitlement amount»
The phrase "entitlement amount" refers to the specific sum of money or benefits that someone is entitled to receive, usually from a government program or organization. It represents the amount they have the right to receive based on certain criteria or qualifications. Full definition
The remaining entitlement amount makes it possible for VA buyers to have more than one VA loan at the same time or purchase after experiencing a foreclosure or short sale.
veteransunited.com
The Transition Bulletin, by way of example, identifies those provisions of the Old SABS that continue to govern the calculation of benefit entitlement amounts in relation to Old accidents, namely:
VA loan limits are linked to the maximum entitlement amount and rise to $ 679,650 in costlier markets in the continental U.S.
In order to meet that mark, the VA essentially created a secondary entitlement amount ($ 113,275 — 36,000 = $ 77,275).
The base loan entitlement amount is for $ 36,000 and is determined by income, debts, and the applicant's current entitlement usage, among other factors.
VA Loans are subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, and property limits.
But the veteran can indeed take advantage of his VA benefit using his remaining entitlement amount.
The general rule appears to be that in relation to Old accidents, the Old SABS will continue to govern the calculation of benefit entitlement amounts, while the New SABS will govern most claims processing and most calculations of amounts payable to establish benefit entitlements.
But the entitlement amount was established by the VA before home prices rose across the country.
Over the years, the entitlement amount has changed.
Over the years, that entitlement amount has grown as home prices overall have increased over time.
Maximum VA loan amounts are a function of a borrower's entitlement amount, which is found on the borrower's Certificate of Eligibility.
Financial institutions will loan four times the entitlement amount, so you can buy a house costing up to $ 144,000 with no money down.
The local VA office can provide more details on guaranty and entitlement amounts.
Financial institutions will loan four times the entitlement amount, so you can buy a house costing up to $ 144,000 with no money down.