Show J Veterans News VS u Veterans should not misunderstand misunderstand stand a commonly used statement that Veterans Administration approves ap proves houses to be financed under the Gl Gt loan program VA cautioned this week I Use of the word approves causes some veterans to believe the home Is s approved cd or guaranteed guaranteed guaranteed guar guar- by VA This term Is misleading VA said VA explained that the agency has only the legal authority to appraise the house to make sure the price the veteran pays Is not excessive in the housing market prevailing at the time the appraisal appraisal ap ap- Is made VA makes available an Inspection inspection tion service In most cases on proposed pro posed new homes to determine pro pro-j whether they meet accepted standards stand ards of good construction and whether they conform to plans and specifications on which VAs VA's appraisal Is based The The term tern VA or 01 Gl financing are allowed by VA but the agency frowns on the term GI 01 or VA approved since It gives veterans an erroneous Impression VA said |