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A borrower scenario raises a question about VA loan eligibility and occupancy. Which answer should Emery rely on?

Correct Answer

B) 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
Confirm VA eligibility and occupancy requirements
C
Treat the VA guaranty as a substitute for occupancy verification.
D
Ignore VA eligibility once credit and income are acceptable.

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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