A loan entitlement is the amount the Department of Veterans Affairs guarantees for every VA loan issued by private lenders. There are three basic types: Basic, Bonus and Full Entitlement. If you’re a veteran homebuyer, the basic types of entitlement can affect your VA Loan eligibility and what type of houses you’ll hunt for.
Learn how your entitlement works from Chris Birk, the Director of Education at Veterans United Home Loans and author of "The Book on VA Loans."
0:13 – How the VA Loan Works
0:20 – VA Guarantee
0:38 – Entitlement
1:05 – Basic Entitlement
1:15 – Second Tier Entitlement
1:21 – Maximum Entitlement
2:09 – Buying in High-Cost Counties
2:29 – Loan Limits
2:41 – Jumbo Loans
3:04 – Real World Application
4:02 – More Than One VA Loan
More on VA home loan eligibility and entitlement: https://www.veteransunited.com/education
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