Service to Keys glossary
Key terms
Bottom line
These terms come up when using the VA home loan benefit, each with a primary source. This is not a government website.
Last reviewed against the primary sources listed below.
- Entitlement
- The amount VA will guarantee on your loan. Source: VA: Your VA home loan entitlement
- Guaranty
- VA's promise to repay part of the loan to the lender. Source: VA: VA home loans
- Funding fee
- A one-time VA fee on most loans. Source: VA: VA funding fee and loan closing costs
- Certificate of Eligibility
- The document confirming your benefit. Source: VA: How to request a VA home loan Certificate of Eligibility