DEPARTMENT OF VETERANS AFFAIRS

ATLANTA REGIONAL LOAN CENTER

ATTN: COE (262)
P.O. BOX 100034
DECATUR, GA 30031

June 07, 2019

In Reply Refer To:
COE/ 11682274
ROMILLARD, GERARD
GERARD ROMILLARD
3660 S LAPEER RD
LOT 28
METAMORA, MI 48455

Dear Gerard Jean Paul Romillard,

Enclosed is the requested Certificate of Eligibility.

Sincerely,

Ambrose N.
Ambrose N.
LOAN SPECIALIST
VA Department of Veterans Affairs Home Loan Guaranty Benefits

WHAT IS A VA GUARANTEED LOAN?

VA guaranteed loans are made by private lenders, such as banks, credit unions, or mortgage companies to eligible
veterans for the purchase of a home, which must be for their own personal occupancy. Veterans apply for a loan
through a lender and if the loan is approved, VA guarantees a portion of the total loan amount. VA's guarantee allows
the veteran to obtain a competitive interest rate without having to make a downpayment. The amount of a loan a
veteran can be approved for depends on the property location and entitlement available, as well as credit and income
factors. Please contact a VA-approved lender for assistance in determining the loan amount that you may qualify for.

VA LOANS OFFER THE FOLLOWING IMPORTANT FEATURES:

• Equal opportunity for all qualified veterans to obtain a VA loan.
• No downpayment (unless required by the lender or the purchase price is more than the reasonable value of the
property).
• Buyer informed of reasonable value.
• Negotiable interest rate.
• Ability to finance the VA funding fee (plus reduced funding fees with a downpayment of at least 5% and exemption
for veterans receiving VA disability compensation).
• Closing costs are comparable with other financing types (and may be lower).
• No mortgage insurance premiums.
• An assumable mortgage.
• Right to prepay without penalty.
• For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain
cooperation of builder.
• VA assistance to veteran borrowers in default due to temporary financial difficulty.

VA DOES NOT DO THE FOLLOWING:

• Guarantee that a home is free of defects. VA guarantees only the loan. It is the veteran'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 veteran should seek expert advice (a qualified residential inspection service), as necessary,
BEFORE legally committing to a purchase agreement.
• If you have a home built, VA cannot compel the builder to correct construction defects although VA does have the
authority to suspend a builder from further participation in the home loan program.
• VA cannot guarantee that a veteran is making a good investment.
• VA cannot provide a veteran with legal services.

HOW DOES A VETERAN OBTAIN A VA GUARANTEED LOAN?

1. Contract to purchase: Veteran selects home and discusses purchase with seller or selling agent and signs
purchase contract conditioned on approval of a VA guaranteed loan.
2. Loan application: Veteran selects lender, presents Certificate of Eligibility, and completes loan application. Lender
will develop all credit information and request VA to assign a licensed appraiser to determine the reasonable value
for the property. Veteran will pay for credit report and appraisal unless the seller agrees to pay. Either VA or the
lender will issue a value for property for loan purposes based on the appraisal.
3. Loan decision: If the established value is acceptable to all parties and the lender develops that a veteran is credit
and income qualified, the loan may be approved. Most lenders are authorized to make this decision.
4. Loan closing: Veteran (and spouse) attend the loan closing and sign the note, mortgage, and other related papers.
The lender or closing attorney will explain the loan terms and requirements as well as where and how to make the
monthly payments. When the loans reported to VA, the Certificate of Eligibility is annotated to reflect the use of
entitlement and returned to the applicant. (The loan closing procedure may vary in some states.)

HOW CAN I OBTAIN MORE INFORMATION ABOUT VA HOME LOANS?

Call VA at 1-877-827-3702 or visit VA's web site at http://www.benefits.va.gov/homeloans/resources_veteran.asp or
contact a local lender or real estate professional.
 VA Department of Veterans Affairs

REFERENCE NUMBER 11682274

CERTIFICATE OF ELIGIBILITY

FOR LOAN GUARANTY BENEFITS

GERARD JEAN PAUL

NAME OF VETERAN SERVICE NUMBER
ROMILLARD
SOCIAL SECURITY NUMBER XXX-XX-0761

ENTITLEMENT CODE 05 BRANCH OF SERVICE Navy FUNDING FEE NON EXEMPT

Prior Loans charged to entitlement

VA Loan Number State Loan Amount Date of Loan Entitlement Charged Status

THIS VETERAN'S BASIC ENTITLEMENT IS $36,000*

TOTAL ENTITLEMENT CHARGED TO PREVIOUS VA LOANS IS $0*

The veteran is eligible for the benefits of Chapter 37, Title 38, U.S. Code, subject to any condition(s) cited below. Basic entitlement
for veterans who have not previously used home loan benefits is $36,000. Additional entitlement is available for most loans in
excess of $144,000. In such cases, the entitlement amount is 25% of the VA loan limit for the county where the property is located.
VA county loan limits are adjusted annually, and the current limits are available at www.homeloans.va.gov.

Issued By: Ambrose N. Date: June 07, 2019

CONDITIONS

Subsequent Use Funding Fee- The veteran must pay a subsequent use funding fee on any future loan
unless veteran is exempt.

Funding Fee - Veteran is not exempt from funding fee.

Funding Fee Refund: If you paid a funding fee at the closing of a VA guaranteed home loan and your VA
compensation award provides an effective rating date that was prior to your loan closing date, then you
may be eligible for a funding fee refund. Please contact either your current mortgage servicer or a VA
Regional Loan Center at (877) 827-3702 to begin the refund process.

Many states offer additional Veterans benefits. To see what is available in your state, visit
http://go.usa.gov/WUq5. These benefits could include state or local property or vehicle tax relief for
certain eligible Veterans.
 FREQUENTLY ASKED QUESTIONS

• What Does Having Basic Entitlement of $36,000 Mean?

The $36,000 does not represent the maximum loan amount you can obtain through the VA Home
Loan Program. The figure merely provides evidence to your lender that you have full VA entitlement.
With this entitlement and underwriter approval, you can obtain a loan in an amount up to $417,000;
some high cost counties have even higher limits.

• I Now Have My COE, What Do I Do Next?

Contact any VA approved lender and start the loan process. Do note that the COE does not
guarantee you a VA loan; you still must qualify based upon your income and credit.

• How Do I Apply For a Loan?

VA does not do any direct lending, and as such VA does not accept loan applications from veterans.
You must contact a VA approved lender in order to apply for a VA loan. For more information about
VA loans, visit www.benefits.va.gov/homeloans/.

• How Do I Find a VA Approved Lender?

VA does not provide a list of approved lenders; it is up to the veteran to decide which lender they
wish to use to obtain their loan. The Internet or real estate agents are ideal sources for locating and
performing customer satisfaction research on VA lenders.

• What is the VA Interest Rate?

VA does not establish interest rates or closing costs for VA loans. Rates are negotiable between you
and your lender. It is advisable to obtain quotes from at least three different lenders.

• What is the Minimum Credit Score Required for a VA loan?

VA has no minimum credit score requirement. However, the lender you choose to do business with
may have such a requirement.

• What Types of Property Does My COE Cover?

The VA Home Loan program guarantees loans for real property that is to be used by the veteran as
a primary residence. The program does not cover vacation homes, vacant land, multiplexes in
excess of four units, motor homes, small business loans, or commercial buildings.

• Can I Use My VA Entitlement to Refinance?

Yes. You can refinance any type of loan on your property using your VA entitlement. Contact a VA
approved lender for details.

• Why Does My COE Reflect a Paid-in-Full Loan With No Restoration of Entitlement?

In order for entitlement to be restored, the prior VA loan must be paid in full and the property
disposed of. If you no longer own the property, please state as such on your application form 26-
1880 and resubmit. Do note that you can obtain a restoration of entitlement without disposing of the
property when the loan is paid in full on a one time basis.