Purpose
Attached is a copy of VA Pamphlet 26-7, Lender’s Handbook, Chapter 2, Veteran’s Eligibility and Entitlement, which has been revised in its entirety.
Changes
Chapter 2 has been revised to reflect updates to VA systems and incorporate all appropriate Circulars. Key changes include:
Chapter 2, Topic 1 describes conditions which could appear on a Certificate of Eligibility. The conditions must be met before the loan is guaranteed by VA.
Chapter 2, Topic 2, clarifies that a Veteran who has previously used some of his/her entitlement which has not been restored may make a downpayment in conjunction with using his/her remaining entitlement.
This change is effective 90 days from the date of approval.
Additional Copies
Additional copies may be downloaded at https://benefits.va.gov/warms/...
Rescissions
Chapters 1-9 of the Lenders Handbook cover Loan Processing topics. All outstanding Circulars have been incorporated into the revised chapters. Once all revised chapters have been released, the outstanding Circulars will be rescinded.