VA Loan Guidelines
The Law on Occupancy
The law requires a veteran obtaining a VA guaranteed loan to certify that he or she
intends to personally occupy the property as his or her home. As of the date of certification,
the veteran must either (1) personally live in the property as his or her home, or (2) intend,
upon completion of the loan and acquisition of the dwelling, to personally move into the
property and use it as his or her home within 60 days after the loan closing (reasonable).
The above requirement applies to all types of VA guaranteed loans except Interest Rate
Reduction Refinancing Loans (IRRRLs). For IRRRLs, the veteran need only certify that he
or she previously occupied the property as his or her home.
VA Loan Rates
for 11/07/2009
30 Year Fixed
0.000 points
4.875%
4.980%
APR
15 Year Fixed
0.000 points
4.500%
4.679%
APR
Personal loans from $500 to $10,000
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