Expert, localized Los Angeles answers provided by Heather Roy

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VA Entitlement

  I'm a Veteran and am eligible for a VA' Certificate of Eligiblity', which guarentees the lender a percentage of the loan.

Can i use this as a portion, if not for all, of the down payment?
 
  The Certificate isn't exactly cash money.  But with the government guaranteeing part of your loan, the lender is allowed to give you the loan with nothing down anyhow, 100 percent financing, no down payment.  Talk with a mortgage broker, or directly to local lenders, and they'll explain.
    Edith
Originally published on February 1, 2008
 
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