What document is provided to indicate the appraised value of a property financed with a VA loan?

The document that indicates the appraised value of a property financed with a VA loan is known as the Certificate of Reasonable Value (CRV). This certificate is provided after the VA conducts its appraisal of the property to determine its fair market value. The CRV serves an essential role in the VA loan process, as it ensures that the veteran is not overpaying for the property and that the loan amount is justified based on the appraised value.

The CRV is vital for lenders as it helps them assess risk and determines the maximum loan amount that can be extended to the borrower, which cannot exceed the appraised value noted in the certificate. This process protects both the lender and the borrower by ensuring that the property's value supports the amount of money being borrowed.

The other options do not serve the purpose of indicating the value of the property for VA loans: a Certificate of Title relates to ownership and legal rights in the property, a Certificate of Sale is associated with the sale of property at auction, and a Certificate of Occupancy confirms that a building complies with local building codes and is safe for occupancy, but none of these documents address the appraisal value specifically required for a VA loan.