Get Loan Guaranty Information Letter - Veterans Benefits Administration

A statement of service for a VA loan is a letter verifying a military member's current or past employment in the military.

How much is the guaranty? VA will guarantee up to 50 percent of a home loan up to $45,000. For loans between $45,000 and $144,000, the minimum guaranty amount is $22,500, with a maximum guaranty, of up to 40 percent of the loan up to $36,000, subject to the amount of entitlement a veteran has available.

A VA loan is a mortgage loan available through a program established by the U.S. Department of Veterans Affairs (VA) (previously the Veterans Administration).

Common government-backed loans include VA, FHA and USDA loans. All loan types come with benefits and drawbacks, all of which impact consumers in different ways. In addition to VA loans, Veterans United also offers financing for conventional, FHA and USDA mortgages.

Veterans Loans Cash-Out Refinance Loan. The Department of Veterans Affairs (VA) Cash-Out Refinance Loan is for homeowners who want to trade equity for cash from their home. ... Interest Rate Reduction Refinance Loan (IRRRL) ... Home Loan for Regular Purchase. ... Veterans Life Insurance Policy Loans and Cash Surrenders.

As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. VA Home Loans are provided by private lenders, such as banks and mortgage companies.

A VA home loan guaranty means that a purchaser obtains a loan through a private lender, such as a bank, credit union or mortgage company. VA then works with the lender to guarantee the loan. If the home owner defaults on the loan, VA will pay the debt to the lender.

Use VA Form 26-1880 to apply for a VA home loan Certificate of Eligibility (COE). You'll need to bring the COE to your lender to prove that you qualify for a VA home loan.