The validity period for Certificates of Commitment (VA Form 26-1866) is six months. If a loan closing extends beyond six months, you must request an extension of the commitment before the validity period expires. In those cases where VA has issued a commitment and the loan is cancelled or withdrawn, you must notify VA promptly and return the Certificate of Commitment.
After the loan has closed, you are required to submit the loan package within 60 days of the closing date to the VA office of jurisdiction for review and issuance of the Loan Guaranty Certificate.
If you have a buyer that wants to use his VA Certificant, call me so whe can help you! We have a Govie Team that specializes in VA and FHA and we have all of the answers!
We can do 100% VA construction-perms too!
Sam Thompson, PHH Mortgage Advisor. Ranked #1 by Inside Mortgage Banking and Campbell Institute for our low fees, low rates, dependable Good Faith Estimates and Reliable Closing Dates. We guaranty our closing dates or we reduce the rate by 1/8%!
Call me for a test drive!! You'll be glad you did.
843-230-7929
http://samthompson.phhmortgage.com/
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Pinehurst Luxury Homes - www.pinehurstluxuryhomesnc.com
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