- Guarantee the home itself; VA guarantees only the loan. It is the borrower's responsibility to assure that he/she is satisfied with the property being purchased. The VA appraisal is not intended to be an "inspection" of the property. A borrower should seek expert advice (a qualified residential inspection service), as necessary, BEFORE legally committing to a purchase agreement.
- VA cannot guarantee that a borrower is making a good investment.
- VA cannot provide a borrower with legal services.
What If I Want To Learn More About VA Home Loans?
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(Sources: modified from the following documents:(1) "Fact Sheet on VA Guaranteed Loans", webpage loacted at www.homeloans.va.gov/factsheet.htm. (2) "26-4 VA Guaranteed Loans for Veterans", a pdf pamphlet originally located at www.homeloans.va.gov/pdf/vap_26-4_online_version.pdf.)