Certificat of Eligibility gloss

Ceiling - The maximum allowable interest rate of an adjustable rate mortgage.

Certificate of Eligibility – Document issued by the Department of Veterans Affairs to qualified veterans which entitles them to VA-guaranteed loans. Obtainable through local VA offices by submitting form DD-214 (Separation Paper) and VA form 1880 (Request for Certificate of Eligibility) To view a printable blank form 1800 at the VA web site click the underline title above. To view and print this document you will need Acrobat Reader installed on your computer. Click here to go to our Web Links Page, this page has links that can send you to a site that allows you to download a free version of Acrobat Reader from Adobe.

Certificate of Occupancy - Document issued by local government agency stating that a property meets the requirements of health and building codes.

Certificate of Reasonable Value (CRV) - A property appraisal performed by a VA approved appraiser which establishes the limit on the principal of the VA loan.

Certificate of Title – Written opinion of the status of title to a property, given by an attorney or title company. This certificate does not offer the protection given by title insurance.

Certificate of Veteran Status – Document given to veterans or reservists who have served 90 days of continuous active duty (including training time) which enables them to obtain lower down payments on certain FHA-insured loans. Obtainable through local VA offices by submitting form DD-214 (Separation Paper) with form 26-8261a (request for certificate of veteran status.)