Definitions for "Certificate of Reasonable Value"
A document issued by the Veteran's Administration, based on an approved appraisal. Establishes a ceiling on the maximum VA mortgage loan principal.
Document issued by the Department of Veterans Affairs (VA). Based on an appraisal, sets out market value of a property for the purpose of establishing maximum principal amount available for a VA mortgage on the property.
A document issued by the Veteran's Administration which establishes a maximum value and loan amount for a VA guaranteed mortgage.