$417,000 X 25% = $104,250 which is your full entitlement
Now you take your full entitlement and subtract the balance owed
$104,250 - $15,286 = $88,964.00
Multiply the $88,964 X 4 = $355,856 and this is the maximum amount you qualify for WITHOUT paying off the balance owed to VA.
Hope that helps. If you need additional information you can contact me at http://www.deannepowell.com or email@example.com
Robert Chomentowski 858-922-7899 Affinity Mortgage
John Peisner 951-699-1133 Rancho Financial
I have asked this question to my mortgage broker and here is what he has to say. You are welcome to call him direct. His contact is on there. I would love to work with you for your home buying needs in Temecula area.
Unfortunately the only way the Veteranâ€™s Administration will restore your Entitlement is if you pay back the deficiency of $15,286.oo. Yes, you could have the Seller pay the balance due.
Gronlund Team Loan Partner
951-695-0902 fax 951-695-0960
UTPAL 'Paul' PARIKH, Certified ABR,CSP,e-PRO,GRI,SRES,REALTOR
V.P - Membership WCR, SouthWest Riverside County Chapter.
Website: http://www.951BuySell.com Riverside County
Investment - Commercial - Residential - Business - Rentals
Keller Williams Realty, 27290 Madison Ave, Ste 200, Temecula, CA 92590