Veterans Administration (Va) Loan Amount Worksheet printable pdf download

Veterans Administration (Va) Loan Amount Worksheet

Veterans Administration (VA) Loan Amount Worksheet –

Purchase Transaction

STEP 1

The Base Loan Amount

_______________________ Lesser of Sales Price or Appraised Value

x 75%

= _____________________

+ _____________________ Available Entitlement

= _____________________ Base Loan Amount*

* If the resulting “Base Loan Amount” is greater than the figure in (a), reduce your base

loan amount to the lesser of the Sales Price or Appraise Value as shown in item (a)

STEP 2

The Final Loan Amount

_______________________ Base Loan Amount

+ _____________________ Funding Fee _____%

= ____________________ Final Loan Amount

STEP 3

The Down Payment

______________________ Lesser of Sales Price or Appraised Value

- _____________________ Base Loan Amount

= _____________________ Down Payment

STEP 4

The Guaranty

_______________________ Available Entitlement

+ _____________________ Down Payment

= ____________________

÷ _____________________ Lesser of Sales Price or Appraised Value

= _____________________% Percentage of Guaranty (cannot be less < 25%)

NOTE: Funding Fee can be included in the total loan amount up to the limit of $417,000

on a Non-Jumbo transaction. The VA Funding Fee can be added to base loan amounts

$417,001 to $1,000,000 on a VA Jumbo transaction.

COR 0339 (03/08)

Veterans Administration (Va) Loan Amount Worksheet