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Question #60 of 60
What kind of document, issued by the VA, sets the maximum VA loan amount for a property?
A) Notice of mortgage amount
B) Certificate of appreciated value
C) Certificate of reasonable depreciation
D) Notice of value

Ask by Mills Simpson. in the United States
Mar 31,2025

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The correct answer is D) Notice of value.

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Bonus Knowledge

The correct answer is D) Notice of value. This document is crucial for veterans looking to secure a VA loan, as it provides an appraisal of the property to ensure it meets the value standards set by the VA.
This appraisal helps protect the borrower by ensuring they do not overpay for a home and that the property is worth the amount being financed. It’s an important step in the home-buying journey that ensures affordability and market value alignment!

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