certificate of reasonable value

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certificate of reasonable value (CRV)

A document issued by the Department of Veterans Affairs as a prerequisite for a VA loan;it is based on an approved appraisal.It establishes the maximum value of the property for VA purposes and,as a result,the maximum size of the VA loan.

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A more reasonable approach is for the VA to implement a program that allows the lender to review the appraisal and assess the value of the Certificate of Reasonable Value (CRV) issued by the VA.

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