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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jul 18, 1956
Page
5
The article explains how veterans can use the GI bill to buy an old house and finance improvements with one loan. It covers eligibility certificates from VA regional offices, service requirements for World War II and Korean vets, property selection, lender criteria, and shopping among lenders to secure a loan.
The VA backs private loans for veterans with a guaranty up to a percentage of the loan, subject to appraisal. A VA approved appraiser determines the value and issues a certificate of reasonable value to the lender, who then approves the loan if the property meets the VA conditions.
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