Examples of VA Mortgage Loan in a sentence
The Streamline Refinance Program Mortgage Loan products allow eligible homeowners to refinance their existing FHA or VA mortgage loan to a new FHA or VA Mortgage Loan to reduce their current monthly payment.
The guaranty amount with respect to each VA Mortgage Loan is equal to the maximum amount applicable to such Mortgage Loan as provided under Section 5.02 of the VA Lenders Handbook Number 26-7, without regard to the applicable veteran’s available entitlement.
With respect to each FHA Mortgage Loan and each VA Mortgage Loan, the applicable Policy is in full force and effect, and there exists no defense or impairment to full recovery thereunder to the maximum extent provided thereby, without, in the case of any FHA Mortgage Loan, indemnity to HUD or FHA.
Any VA Mortgage Loan underwritten using Loan Product Advisor must comply with the terms of the VA Lenders Handbook and the Freddie Mac Loan Product Advisor requirements.
No later than ten (10) days prior to Closing, the Buyer, at Buyer’s option and expense (if a VA Mortgage Loan and required by the VA, at Seller’s expense) may obtain a wood infestation and/or termite report from a licensed inspection service (“Insect Report”) chosen by the Buyer.