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A mortgage file is paused during a policy refresh meeting because of VA Loan Programs. Which answer should choose the most defensible file action?

Correct Answer

D) Confirm VA eligibility and occupancy requirements

VA-backed loans use VA eligibility, occupancy, guaranty, and funding-fee concepts. The best answer is "Confirm VA eligibility and occupancy requirements".

Answer Options
A
Apply conventional PMI rules instead of VA program requirements.
B
Treat the VA guaranty as a substitute for occupancy verification.
C
Ignore VA eligibility once credit and income are acceptable.
D
Confirm VA eligibility and occupancy requirements

Why This Is the Correct Answer

VA-backed loans use VA eligibility, occupancy, guaranty, and funding-fee concepts. The best answer is "Confirm VA eligibility and occupancy requirements".

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