Assume that a veteran decides to purchase a house for $150,000 using a VA loan.If the buyer defaults on the loan,what is the maximum amount that the VA guarantees the lender?

Question

Quizplus · Accepted Answer

The VA guarantees up to 25% of the loan amount, so for a $150,000 loan, the maximum guarantee would be $37,500. However, the VA's maximum entitlement is typically $60,000, which is the maximum amount they would guarantee.

Assume That a Veteran Decides to Purchase a House for $150,000