Show VETERAN aau je s P taj w homi HOME LOANS FOR SA Q does the veterans administration lend tend money for home purchase A no the VA only guarantees a portion of the veterans loan arrangements must be approved by VA but are originated by the veteran through a private lender C Q how much can a veteran borrow A As much as the lender is will ng to lend the maximum the VA will guarantee is 4 but not exceeding 60 50 percent of the total loan r Q what is the advantage of a guaranteed loan A because the loan is backed by the government the lender is frequently antly willing to make a loan avat that be lie would not make otherwise often without requiring a down 0 Q does the government pay any of the loan A yes it pays the lender for credit to the veterans account 4 percent cent of the guaranteed portion aphis hs I 1 is a gift to the veteran and lot not a loan Q how quickly must the real estate loan be repaid A the maximum period for a home loan is 25 years or 40 years or a farm payments may be nade de at more rapid rate I 1 without of fees or premiums |