Sentences with phrase «loan entitlement utilized»

Not exact matches

In these situations where you're having to utilize your additional layer of entitlement (you'll also hear it called secondary or second - tier entitlement), there's actually a minimum loan amount of $ 144,001.

If your short sale involved a VA - backed mortgage, the portion of your VA entitlement utilized on that loan will be inaccessible moving forward.

Because the VA usually guarantees a quarter of the loan amount, the amount of entitlement you utilize is typically equal to 25 percent of the loan amount.

Buyers who have some of their basic entitlement remaining may be able to utilize that and avoid the minimum loan amount.

The Cash - Out refinance is a new mortgage loan that repays the original VA loan in full, which allows borrowers to restore the entitlement utilized on that purchase.

A VA restoration of entitlement allows borrowers who have previously utilized their VA loan entitlement to purchase another home with the VA's guaranty again.

You can choose to use your entitlement solely in cases like this or opt for a «dual entitlement» scenario, with each eligible borrower utilizes a portion of their VA loan entitlement.

Buyers who have some of their basic entitlement remaining may be able to utilize that and avoid the minimum loan amount.